Unilever PLC (NYSE:UL) Shares Sold by FRG Family Wealth Advisors LLC

FRG Family Wealth Advisors LLC cut its holdings in Unilever PLC (NYSE:UL) by 18.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,485 shares of the company’s stock after selling 1,240 shares during the period. FRG Family Wealth Advisors LLC’s holdings in Unilever were worth $311,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UL. Pinion Investment Advisors LLC raised its stake in shares of Unilever by 2.0% during the fourth quarter. Pinion Investment Advisors LLC now owns 9,250 shares of the company’s stock valued at $524,000 after purchasing an additional 177 shares in the last quarter. Tyler Stone Wealth Management grew its stake in Unilever by 2.8% in the fourth quarter. Tyler Stone Wealth Management now owns 6,576 shares of the company’s stock valued at $373,000 after purchasing an additional 180 shares in the last quarter. Ausdal Financial Partners Inc. boosted its stake in shares of Unilever by 1.9% during the 4th quarter. Ausdal Financial Partners Inc. now owns 9,956 shares of the company’s stock worth $565,000 after acquiring an additional 181 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of Unilever by 3.4% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 5,646 shares of the company’s stock valued at $320,000 after purchasing an additional 185 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its position in Unilever by 6.7% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,966 shares of the company’s stock worth $168,000 after acquiring an additional 185 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Trading Up 1.0 %

UL stock traded up $0.60 during mid-day trading on Thursday, reaching $60.02. The company’s stock had a trading volume of 296,164 shares, compared to its average volume of 2,600,313. The company has a market cap of $148.68 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 1.60 and a beta of 0.42. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The business’s 50 day moving average price is $58.09 and its 200 day moving average price is $58.91.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were paid a dividend of $0.4674 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.12%. Unilever’s payout ratio is 53.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Finally, Royal Bank of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has issued 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 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.