Freestone Capital Holdings LLC Has $373,000 Stock Position in Unilever PLC (NYSE:UL)

Freestone Capital Holdings LLC reduced its stake in shares of Unilever PLC (NYSE:UL) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,581 shares of the company’s stock after selling 431 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Unilever were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of UL. Golden State Wealth Management LLC bought a new stake in shares of Unilever during the fourth quarter valued at approximately $26,000. Financial Life Planners bought a new position in shares of Unilever during the 4th quarter worth about $28,000. Roxbury Financial LLC acquired a new stake in shares of Unilever during the 4th quarter valued at about $30,000. Mainstream Capital Management LLC bought a new stake in Unilever in the fourth quarter valued at about $31,000. Finally, Brooklyn Investment Group acquired a new position in shares of Unilever in the 3rd quarter worth approximately $40,000. 9.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Erste Group Bank restated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Finally, StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.33.

Unilever Price Performance

UL stock opened at $59.24 on Friday. The stock has a market capitalization of $146.99 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. The company has a 50 day moving average price of $56.69 and a 200 day moving average price of $59.84. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.4674 per share. The ex-dividend date is Friday, February 28th. This represents a $1.87 annualized dividend and a yield of 3.16%. Unilever’s dividend payout ratio is currently 53.01%.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.