Unilever PLC (NYSE:UL) Stake Reduced by Cwm LLC

Cwm LLC reduced its stake in shares of Unilever PLC (NYSE:UL) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,310 shares of the company’s stock after selling 14,474 shares during the quarter. Cwm LLC’s holdings in Unilever were worth $7,723,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Citigroup Inc. grew its stake in shares of Unilever by 51.1% in the third quarter. Citigroup Inc. now owns 672,859 shares of the company’s stock worth $33,239,000 after purchasing an additional 227,681 shares in the last quarter. Manning & Napier Group LLC grew its stake in shares of Unilever by 1.4% in the fourth quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock worth $161,582,000 after purchasing an additional 47,256 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Unilever by 3,718.5% in the fourth quarter. International Assets Investment Management LLC now owns 171,641 shares of the company’s stock worth $8,321,000 after purchasing an additional 167,146 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Unilever by 14.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 762,085 shares of the company’s stock worth $36,946,000 after purchasing an additional 98,275 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Unilever by 3.4% in the third quarter. Deutsche Bank AG now owns 47,772 shares of the company’s stock worth $2,360,000 after purchasing an additional 1,589 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Morgan Stanley cut 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 research note on Tuesday, February 27th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $48.00.

Unilever Stock Up 1.6 %

Shares of UL stock opened at $48.06 on Tuesday. The stock has a 50-day simple moving average of $49.16 and a 200 day simple moving average of $48.52. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $55.99.

Unilever Cuts Dividend

The company also recently announced 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. The ex-dividend date was Thursday, February 22nd. This represents a $1.83 annualized dividend and a yield of 3.81%.

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.