Geneos Wealth Management Inc. Sells 966 Shares of Unilever PLC (NYSE:UL)

Geneos Wealth Management Inc. cut its holdings in shares of Unilever PLC (NYSE:UL) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,287 shares of the company’s stock after selling 966 shares during the period. Geneos Wealth Management Inc.’s holdings in Unilever were worth $256,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Quilter Plc bought a new stake in shares of Unilever in the 1st quarter worth $244,998,000. Fortis Capital Advisors LLC bought a new stake in Unilever in the 4th quarter worth about $26,000. Life Planning Partners Inc purchased a new stake in Unilever in the 4th quarter valued at about $27,000. Jones Financial Companies Lllp lifted its position in shares of Unilever by 111.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock worth $27,000 after buying an additional 291 shares in the last quarter. Finally, VisionPoint Advisory Group LLC boosted its stake in shares of Unilever by 215.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Down 1.9 %

NYSE:UL opened at $46.76 on Monday. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $55.99. The firm’s 50 day moving average is $49.52 and its 200 day moving average is $48.61.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were paid a $0.4582 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.83 annualized dividend and a dividend yield of 3.92%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on UL shares. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley cut Unilever from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Unilever currently has a consensus rating of “Hold” and a consensus target price of $48.00.

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.