Simplicity Solutions LLC Sells 475 Shares of Unilever PLC (NYSE:UL)

Simplicity Solutions LLC reduced its position in shares of Unilever PLC (NYSE:UL) by 1.2% in the 4th quarter, HoldingsChannel reports. The firm owned 40,481 shares of the company’s stock after selling 475 shares during the period. Simplicity Solutions LLC’s holdings in Unilever were worth $1,963,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in UL. Fortis Capital Advisors LLC acquired a new stake in Unilever in the 4th quarter valued at about $26,000. Jones Financial Companies Lllp increased its position in Unilever by 111.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock valued at $27,000 after acquiring an additional 291 shares in the last quarter. Life Planning Partners Inc acquired a new stake in Unilever in the 4th quarter valued at about $27,000. VisionPoint Advisory Group LLC increased its position in Unilever by 215.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock valued at $29,000 after acquiring an additional 400 shares in the last quarter. Finally, Barrett & Company Inc. increased its position in Unilever by 51.5% in the 3rd quarter. Barrett & Company Inc. now owns 606 shares of the company’s stock valued at $30,000 after acquiring an additional 206 shares in the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Price Performance

UL opened at $46.76 on Monday. The firm has a 50 day simple moving average of $49.52 and a 200 day simple moving average of $48.61. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $55.99.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were paid a dividend of $0.4582 per share. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend was Thursday, February 22nd.

Analysts Set New Price Targets

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

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.