Sigma Planning Corp Sells 4,956 Shares of Unilever PLC (NYSE:UL)

Sigma Planning Corp reduced its stake in shares of Unilever PLC (NYSE:UL) by 20.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 19,823 shares of the company’s stock after selling 4,956 shares during the period. Sigma Planning Corp’s holdings in Unilever were worth $1,124,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of UL. Jennison Associates LLC grew its holdings in Unilever by 981.6% during the third quarter. Jennison Associates LLC now owns 2,076,169 shares of the company’s stock worth $134,868,000 after buying an additional 1,884,216 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Unilever by 7.1% in the 3rd quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock worth $1,086,547,000 after acquiring an additional 1,114,177 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Unilever by 493.4% in the third quarter. Citigroup Inc. now owns 1,105,064 shares of the company’s stock valued at $71,785,000 after purchasing an additional 918,841 shares during the last quarter. Icon Wealth Advisors LLC lifted its position in shares of Unilever by 7,466.0% during the third quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock valued at $40,897,000 after purchasing an additional 621,248 shares in the last quarter. Finally, Canoe Financial LP bought a new position in shares of Unilever during the third quarter valued at about $23,488,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Performance

Shares of UL opened at $56.30 on Tuesday. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The stock’s fifty day moving average price is $56.73 and its two-hundred day moving average price is $60.04.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.4674 per share. This represents a $1.87 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, February 28th.

Wall Street Analyst Weigh In

Several research firms have commented on UL. Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a report on Friday. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Finally, Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Unilever has a consensus rating of “Moderate Buy” and an average target price of $61.75.

About Unilever

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.