Allen Wealth Management LLC Sells 599 Shares of Unilever PLC (NYSE:UL)

Allen Wealth Management LLC trimmed its holdings in Unilever PLC (NYSE:UL) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,498 shares of the company’s stock after selling 599 shares during the quarter. Unilever comprises about 0.8% of Allen Wealth Management LLC’s portfolio, making the stock its 27th biggest position. Allen Wealth Management LLC’s holdings in Unilever were worth $1,106,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UL. Golden State Wealth Management LLC bought a new stake in Unilever in the fourth quarter valued at $26,000. Financial Life Planners acquired a new stake in shares of Unilever in the 4th quarter valued at about $28,000. VSM Wealth Advisory LLC bought a new stake in Unilever in the 4th quarter valued at about $28,000. Roxbury Financial LLC acquired a new position in Unilever during the 4th quarter worth approximately $30,000. Finally, Mainstream Capital Management LLC bought a new position in Unilever in the fourth quarter worth approximately $31,000. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

UL has been the topic of a number of research reports. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Finally, Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $66.33.

Unilever Stock Up 0.5 %

Unilever stock opened at $59.89 on Thursday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The company’s 50 day moving average price is $57.82 and its two-hundred day moving average price is $59.14. The stock has a market cap of $148.36 billion, a P/E ratio of 17.16, a P/E/G ratio of 1.60 and a beta of 0.42.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, February 28th were given a $0.4674 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.87 annualized dividend and a yield of 3.12%. Unilever’s dividend payout ratio is currently 53.01%.

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.