Savant Capital LLC Reduces Position in Unilever PLC (NYSE:UL)

Savant Capital LLC decreased its holdings in Unilever PLC (NYSE:UL) by 11.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,297 shares of the company’s stock after selling 933 shares during the period. Savant Capital LLC’s holdings in Unilever were worth $354,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in shares of Unilever by 111.5% in 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 during the last quarter. Life Planning Partners Inc purchased a new position 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 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock valued at $29,000 after purchasing an additional 400 shares during the period. Evolution Advisers Inc. purchased a new stake in shares of Unilever during the 4th quarter valued at about $34,000. Finally, Planned Solutions Inc. purchased a new position in shares of Unilever in the fourth quarter worth approximately $44,000. Institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

UL has been the subject of a number of research reports. Morgan Stanley cut shares of Unilever from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $52.00 to $48.00 in a report on Tuesday, February 27th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Unilever has a consensus rating of “Hold” and an average price target of $48.00.

Unilever Stock Performance

Shares of UL opened at $52.13 on Monday. The business has a fifty day moving average of $49.21 and a 200 day moving average of $48.69. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $55.69.

Unilever Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a dividend of $0.4556 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.50%.

About Unilever

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.