Riverview Trust Co Sells 621 Shares of Unilever PLC (NYSE:UL)

Riverview Trust Co lowered its position in Unilever PLC (NYSE:ULFree Report) by 13.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,849 shares of the company’s stock after selling 621 shares during the period. Riverview Trust Co’s holdings in Unilever were worth $193,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in UL. Norges Bank acquired a new stake in Unilever in the 4th quarter valued at $151,263,000. Wellington Management Group LLP boosted its holdings in shares of Unilever by 3.3% in the 4th quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock valued at $1,672,275,000 after buying an additional 1,114,417 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Unilever by 9.8% in the fourth quarter. Fisher Asset Management LLC now owns 10,843,977 shares of the company’s stock valued at $525,716,000 after buying an additional 965,173 shares in the last quarter. Corient Private Wealth LLC increased its holdings in Unilever by 121.3% during the fourth quarter. Corient Private Wealth LLC now owns 1,352,472 shares of the company’s stock worth $65,568,000 after buying an additional 741,363 shares during the last quarter. Finally, Morningstar Investment Services LLC raised its position in Unilever by 97.9% during the fourth quarter. Morningstar Investment Services LLC now owns 1,212,262 shares of the company’s stock worth $58,770,000 after acquiring an additional 599,759 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on UL shares. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Morgan Stanley downgraded Unilever from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. Argus raised their price objective on Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. raised Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $54.00.

Check Out Our Latest Analysis on UL

Unilever Price Performance

Shares of NYSE UL traded down $0.31 during trading hours on Tuesday, reaching $55.99. 895,474 shares of the stock were exchanged, compared to its average volume of 2,795,245. The stock’s fifty day simple moving average is $53.34 and its 200 day simple moving average is $50.47. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $56.47.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were issued a $0.4556 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Thursday, May 16th.

Unilever Company 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.

Further Reading

Institutional Ownership by Quarter for Unilever (NYSE:UL)

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