Callan Capital LLC Sells 965 Shares of Unilever PLC (NYSE:UL)

Callan Capital LLC cut its position in shares of Unilever PLC (NYSE:UL) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,866 shares of the company’s stock after selling 965 shares during the quarter. Callan Capital LLC’s holdings in Unilever were worth $503,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Jennison Associates LLC boosted its holdings in Unilever by 981.6% in the third quarter. Jennison Associates LLC now owns 2,076,169 shares of the company’s stock worth $134,868,000 after acquiring an additional 1,884,216 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Unilever by 7.1% in the third 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. boosted its holdings in Unilever by 493.4% in the third quarter. Citigroup Inc. now owns 1,105,064 shares of the company’s stock worth $71,785,000 after acquiring an additional 918,841 shares in the last quarter. Icon Wealth Advisors LLC boosted its holdings in Unilever by 7,466.0% in the third quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock worth $40,897,000 after acquiring an additional 621,248 shares in the last quarter. Finally, Canoe Financial LP bought a new stake in Unilever in the third quarter worth $23,488,000. 9.67% of the stock is currently owned by institutional investors.

Unilever Price Performance

NYSE:UL opened at $56.14 on Friday. The stock has a 50-day simple moving average of $56.79 and a two-hundred day simple moving average of $60.09. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87.

Unilever Cuts Dividend

The business also recently declared 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 3.33%. The ex-dividend date is Friday, February 28th.

Wall Street Analyst Weigh In

UL has been the topic of several analyst reports. DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a report on Friday. Erste Group Bank restated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Finally, Royal Bank of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Three analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued 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 a consensus rating of “Moderate Buy” and an average price target of $61.75.

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.