BCGM Wealth Management LLC Sells 835 Shares of Unilever PLC (NYSE:UL)

BCGM Wealth Management LLC lowered its stake in shares of Unilever PLC (NYSE:UL) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,176 shares of the company’s stock after selling 835 shares during the quarter. BCGM Wealth Management LLC’s holdings in Unilever were worth $747,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Stonegate Investment Group LLC lifted its position in Unilever by 155.2% in the fourth quarter. Stonegate Investment Group LLC now owns 8,415 shares of the company’s stock worth $477,000 after purchasing an additional 5,117 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Unilever by 16.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock worth $7,180,000 after purchasing an additional 15,941 shares during the period. Verition Fund Management LLC bought a new position in Unilever in the third quarter worth $11,694,000. WCM Investment Management LLC lifted its position in Unilever by 236.2% in the third quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock worth $1,997,000 after purchasing an additional 21,441 shares during the period. Finally, Radnor Capital Management LLC bought a new position in Unilever in the third quarter worth $1,388,000. 9.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Royal Bank of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Friday. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. 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 given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Unilever 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 Monday. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The business has a fifty day moving average of $56.79 and a 200-day moving average of $60.08.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a $0.4674 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.33%.

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.