Whittier Trust Co. Has $1.41 Million Stock Holdings in Unilever PLC (NYSE:UL)

Whittier Trust Co. reduced its stake in Unilever PLC (NYSE:UL) by 28.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,775 shares of the company’s stock after selling 9,748 shares during the quarter. Whittier Trust Co.’s holdings in Unilever were worth $1,405,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its position in shares of Unilever by 14.8% during the third quarter. Thrivent Financial for Lutherans now owns 15,539 shares of the company’s stock worth $1,009,000 after buying an additional 2,001 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Unilever during the 3rd quarter worth about $11,133,000. First Horizon Advisors Inc. raised its position in shares of Unilever by 2.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 7,663 shares of the company’s stock worth $498,000 after acquiring an additional 207 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of Unilever by 6.5% in the 3rd quarter. King Luther Capital Management Corp now owns 7,948 shares of the company’s stock worth $516,000 after acquiring an additional 487 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in shares of Unilever by 2.1% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 19,215 shares of the company’s stock valued at $1,248,000 after purchasing an additional 400 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Trading Down 1.0 %

Unilever stock opened at $58.64 on Friday. The firm’s fifty day moving average price is $57.28 and its two-hundred day moving average price is $59.53. The firm has a market capitalization of $145.50 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.

Unilever Cuts Dividend

The business 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 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Friday, February 28th. Unilever’s dividend payout ratio is currently 53.01%.

Analysts Set New Price Targets

UL has been the subject of a number of research analyst reports. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Royal Bank of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Two equities 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $66.33.

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.