Unilever PLC (NYSE:UL) Stake Lessened by First Horizon Advisors Inc.

First Horizon Advisors Inc. decreased its holdings in shares of Unilever PLC (NYSE:UL) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,755 shares of the company’s stock after selling 719 shares during the quarter. First Horizon Advisors Inc.’s holdings in Unilever were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of UL. Citigroup Inc. grew its stake in Unilever by 51.1% during the 3rd quarter. Citigroup Inc. now owns 672,859 shares of the company’s stock valued at $33,239,000 after acquiring an additional 227,681 shares in the last quarter. Manning & Napier Group LLC grew its position in Unilever by 1.4% during the fourth quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock valued at $161,582,000 after purchasing an additional 47,256 shares in the last quarter. International Assets Investment Management LLC increased its stake in Unilever by 3,718.5% in the 4th quarter. International Assets Investment Management LLC now owns 171,641 shares of the company’s stock valued at $8,321,000 after buying an additional 167,146 shares during the period. Jennison Associates LLC purchased a new stake in Unilever in the 4th quarter worth approximately $8,038,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Unilever by 14.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 762,085 shares of the company’s stock valued at $36,946,000 after buying an additional 98,275 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on UL shares. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Morgan Stanley lowered 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. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $48.00.

Unilever Stock Performance

UL opened at $52.13 on Monday. The business has a 50 day moving average price of $49.21 and a 200 day moving average price of $48.69. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $55.69.

Unilever Cuts Dividend

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

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.