Unilever PLC (NYSE:UL) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its position in shares of Unilever PLC (NYSE:UL) by 2.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,254,454 shares of the company’s stock after selling 33,843 shares during the quarter. Corient Private Wealth LLC’s holdings in Unilever were worth $71,128,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of UL. Golden State Wealth Management LLC bought a new position in Unilever in the 4th quarter worth about $26,000. Financial Life Planners acquired a new position in shares of Unilever during the fourth quarter worth approximately $28,000. Roxbury Financial LLC bought a new position in Unilever in the 4th quarter worth approximately $30,000. Mainstream Capital Management LLC acquired a new stake in Unilever in the 4th quarter valued at approximately $31,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Unilever during the 4th quarter valued at $36,000. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

NYSE UL opened at $58.74 on Monday. The stock has a market capitalization of $145.75 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The stock has a fifty day moving average of $56.95 and a 200-day moving average of $59.66.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $0.4674 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.87 annualized dividend and a yield of 3.18%. Unilever’s dividend payout ratio (DPR) is presently 53.01%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on UL shares. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Finally, DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $66.33.

About Unilever

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.