Peregrine Asset Advisers Inc. Has $543,000 Stake in Unilever PLC (NYSE:UL)

Peregrine Asset Advisers Inc. reduced its position in shares of Unilever PLC (NYSE:UL) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,575 shares of the company’s stock after selling 350 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Unilever were worth $543,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fisher Asset Management LLC lifted its stake in Unilever by 7.1% in the 3rd quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock valued at $1,086,547,000 after acquiring an additional 1,114,177 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Unilever by 66.4% in the fourth quarter. Jennison Associates LLC now owns 3,454,686 shares of the company’s stock worth $195,881,000 after purchasing an additional 1,378,517 shares in the last quarter. Hamlin Capital Management LLC lifted its position in shares of Unilever by 7.8% in the fourth quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company’s stock worth $163,008,000 after purchasing an additional 207,549 shares in the last quarter. Bank of Montreal Can boosted its holdings in Unilever by 3.7% during the third quarter. Bank of Montreal Can now owns 1,812,164 shares of the company’s stock worth $118,588,000 after purchasing an additional 63,835 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Unilever by 18.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,240,653 shares of the company’s stock valued at $70,132,000 after purchasing an additional 190,753 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UL has been the topic of several analyst reports. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research report on Tuesday. DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

Unilever Stock Up 1.1 %

UL stock opened at $56.14 on Friday. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The company has a fifty day moving average price of $56.79 and a two-hundred day moving average price of $60.09.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders 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 yield of 3.33%. The ex-dividend date is Friday, February 28th.

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.