Perigon Wealth Management LLC Sells 817 Shares of Unilever PLC (NYSE:UL)

Perigon Wealth Management LLC trimmed its holdings in shares of Unilever PLC (NYSE:UL) by 9.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,992 shares of the company’s stock after selling 817 shares during the period. Perigon Wealth Management LLC’s holdings in Unilever were worth $387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fortis Capital Advisors LLC bought a new stake in shares of Unilever in the 4th quarter valued at about $26,000. Jones Financial Companies Lllp boosted its holdings in shares of 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 buying an additional 291 shares in the last quarter. Life Planning Partners Inc bought a new stake in shares of Unilever in the 4th quarter valued at about $27,000. VisionPoint Advisory Group LLC boosted its holdings in shares of 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 buying an additional 400 shares in the last quarter. Finally, Barrett & Company Inc. boosted its holdings in shares of 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 buying an additional 206 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Trading Down 0.5 %

UL stock opened at $46.48 on Wednesday. The firm has a 50 day moving average of $49.40 and a 200 day moving average of $48.57. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $55.99.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were given a dividend of $0.4582 per share. This represents a $1.83 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Thursday, February 22nd.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UL. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley cut shares of 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 investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Unilever presently has an average rating of “Hold” and an average price target 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.