Advisory Services Network LLC Has $2.21 Million Stock Holdings in Unilever PLC (NYSE:UL)

Advisory Services Network LLC decreased its stake in Unilever PLC (NYSE:ULFree Report) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,585 shares of the company’s stock after selling 5,964 shares during the period. Advisory Services Network LLC’s holdings in Unilever were worth $2,210,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Unilever during the fourth quarter worth about $151,263,000. Envestnet Asset Management Inc. increased its position in Unilever by 35.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,748,095 shares of the company’s stock valued at $234,556,000 after acquiring an additional 1,238,734 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Unilever by 9.8% during the fourth quarter. Fisher Asset Management LLC now owns 10,843,977 shares of the company’s stock worth $525,716,000 after purchasing an additional 965,173 shares during the period. Corient Private Wealth LLC grew its stake in shares of Unilever by 121.3% in the fourth quarter. Corient Private Wealth LLC now owns 1,352,472 shares of the company’s stock worth $65,568,000 after purchasing an additional 741,363 shares during the last quarter. Finally, FMR LLC increased its holdings in Unilever by 6.4% in the third quarter. FMR LLC now owns 8,548,447 shares of the company’s stock valued at $422,293,000 after purchasing an additional 515,088 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Argus upped their price objective on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Finally, Morgan Stanley downgraded Unilever from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $54.00.

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Unilever Trading Up 0.3 %

Unilever stock opened at $54.56 on Tuesday. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $54.98. The firm’s fifty day moving average is $50.68 and its 200 day moving average is $49.38.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $0.4556 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.82 annualized dividend and a dividend yield of 3.34%.

Unilever Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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