SVB Wealth LLC Sells 1,694 Shares of Unilever PLC (NYSE:UL)

SVB Wealth LLC trimmed its position in Unilever PLC (NYSE:UL) by 13.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 10,769 shares of the company’s stock after selling 1,694 shares during the quarter. SVB Wealth LLC’s holdings in Unilever were worth $522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of UL. Fortis Capital Advisors LLC acquired a new stake in shares of Unilever in the 4th quarter worth $26,000. Jones Financial Companies Lllp raised its stake in Unilever by 111.5% in the third quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock valued at $27,000 after buying an additional 291 shares during the last quarter. Life Planning Partners Inc acquired a new stake in Unilever in the fourth quarter worth about $27,000. VisionPoint Advisory Group LLC grew its stake in shares of Unilever by 215.1% during the third quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after acquiring an additional 400 shares during the last quarter. Finally, Barrett & Company Inc. increased its holdings in shares of Unilever by 51.5% during the third 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 hedge funds and other institutional investors.

Unilever Trading Up 1.0 %

Shares of NYSE UL opened at $47.31 on Friday. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $55.99. The business’s 50 day moving average price is $49.21 and its 200 day moving average price is $48.53.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were issued a $0.4582 dividend. This represents a $1.83 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend was Thursday, February 22nd.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UL. Morgan Stanley downgraded shares of Unilever from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.