Unilever PLC (NYSE:UL) Shares Sold by First Bank & Trust

First Bank & Trust trimmed its holdings in shares of Unilever PLC (NYSE:UL) by 36.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,863 shares of the company’s stock after selling 8,037 shares during the period. First Bank & Trust’s holdings in Unilever were worth $786,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Unilever during the fourth quarter valued at approximately $26,000. Financial Life Planners acquired a new position in shares of Unilever during the fourth quarter worth $28,000. Roxbury Financial LLC acquired a new position in shares of Unilever during the fourth quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Unilever during the third quarter worth $35,000. Finally, Brooklyn Investment Group acquired a new position in shares of Unilever during the third quarter worth $40,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Performance

Shares of NYSE:UL opened at $55.65 on Thursday. The company has a fifty day simple moving average of $56.91 and a 200 day simple moving average of $60.16. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a $0.4674 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.36%.

Analyst Ratings Changes

A number of research analysts have recently commented on UL shares. Royal Bank of Canada cut shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Tuesday. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, Erste Group Bank reissued a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Unilever has an average rating of “Hold” and a consensus price target 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.