Unilever PLC (NYSE:UL) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC trimmed its holdings in Unilever PLC (NYSE:UL) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,208 shares of the company’s stock after selling 328 shares during the quarter. Good Life Advisors LLC’s holdings in Unilever were worth $239,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in shares of Unilever in the 4th quarter valued at $26,000. Financial Life Planners acquired a new position in shares of Unilever in the 4th quarter valued at $28,000. Roxbury Financial LLC acquired a new position in shares of Unilever in the 4th quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Unilever in the 3rd quarter valued at $35,000. Finally, Brooklyn Investment Group purchased a new position in Unilever in the 3rd quarter valued at $40,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on UL shares. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Tuesday. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Finally, Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Three equities research analysts have rated the stock with a sell rating, one has assigned 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

Unilever Stock Performance

Shares of NYSE UL opened at $56.14 on Friday. The firm has a market capitalization of $139.10 billion, a P/E ratio of 16.08, a PEG ratio of 1.60 and a beta of 0.50. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The company’s fifty day moving average is $56.79 and its two-hundred day moving average is $60.09.

Unilever Cuts Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 annualized dividend and a dividend yield of 3.33%. Unilever’s payout ratio is currently 53.87%.

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.