EverSource Wealth Advisors LLC Sells 1,343 Shares of Unilever PLC (NYSE:UL)

EverSource Wealth Advisors LLC cut its holdings in Unilever PLC (NYSE:UL) by 43.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,735 shares of the company’s stock after selling 1,343 shares during the period. EverSource Wealth Advisors LLC’s holdings in Unilever were worth $98,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Unilever in the 4th quarter valued at $26,000. Financial Life Planners bought a new position in Unilever in the 4th quarter valued at $28,000. Roxbury Financial LLC bought a new position in Unilever in the 4th quarter valued at $30,000. Mainstream Capital Management LLC bought a new position in Unilever in the 4th quarter valued at $31,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Unilever in the 4th quarter valued at $36,000. 9.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Unilever Stock Performance

Unilever stock opened at $58.70 on Wednesday. The firm’s fifty day moving average price is $57.09 and its 200-day moving average price is $59.58. The stock has a market cap of $145.65 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $0.4674 per share. This represents a $1.87 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, February 28th. Unilever’s dividend payout ratio (DPR) is currently 53.01%.

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.