Sky Investment Group LLC Sells 2,000 Shares of Unilever PLC (NYSE:UL)

Sky Investment Group LLC trimmed its position in shares of Unilever PLC (NYSE:UL) by 24.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,190 shares of the company’s stock after selling 2,000 shares during the quarter. Sky Investment Group LLC’s holdings in Unilever were worth $351,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in UL. Abich Financial Wealth Management LLC lifted its holdings in Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after acquiring an additional 425 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Unilever during the 3rd quarter valued at about $35,000. Jamison Private Wealth Management Inc. grew its position in shares of Unilever by 202.5% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after purchasing an additional 405 shares during the period. Brooklyn Investment Group bought a new stake in Unilever during the 3rd quarter worth approximately $40,000. Finally, Coastline Trust Co acquired a new stake in Unilever during the 3rd quarter worth approximately $48,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Price Performance

Shares of NYSE UL opened at $55.68 on Tuesday. The stock has a 50 day moving average price of $57.62 and a 200 day moving average price of $60.36. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were paid a $0.4755 dividend. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a dividend yield of 3.42%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UL shares. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $61.75.

Unilever 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.