Global Retirement Partners LLC Sells 301 Shares of Unilever PLC (NYSE:UL)

Global Retirement Partners LLC decreased its holdings in Unilever PLC (NYSE:UL) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,753 shares of the company’s stock after selling 301 shares during the period. Global Retirement Partners LLC’s holdings in Unilever were worth $723,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UL. Foundations Investment Advisors LLC boosted its stake in Unilever by 4.5% during the third quarter. Foundations Investment Advisors LLC now owns 6,011 shares of the company’s stock valued at $390,000 after buying an additional 261 shares during the last quarter. International Assets Investment Management LLC bought a new position in Unilever during the third quarter valued at approximately $11,908,000. Brighton Jones LLC boosted its stake in Unilever by 37.9% during the third quarter. Brighton Jones LLC now owns 10,033 shares of the company’s stock valued at $652,000 after buying an additional 2,758 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in Unilever during the third quarter valued at approximately $463,000. Finally, Moody Lynn & Lieberson LLC bought a new position in Unilever during the third quarter valued at approximately $234,000. 9.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Unilever Stock Performance

UL opened at $56.14 on Friday. The stock’s fifty day moving average is $56.79 and its two-hundred day moving average is $60.09. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given 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 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.