DGS Capital Management LLC Sells 1,829 Shares of Unilever PLC (NYSE:UL)

DGS Capital Management LLC cut its position in Unilever PLC (NYSE:UL) by 28.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,629 shares of the company’s stock after selling 1,829 shares during the quarter. DGS Capital Management LLC’s holdings in Unilever were worth $224,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UL. Allianz Asset Management GmbH boosted its stake in Unilever by 43.5% in the 1st quarter. Allianz Asset Management GmbH now owns 26,032 shares of the company’s stock valued at $1,186,000 after purchasing an additional 7,895 shares during the period. Cetera Investment Advisers raised its holdings in Unilever by 4.2% in the 1st quarter. Cetera Investment Advisers now owns 48,220 shares of the company’s stock valued at $2,197,000 after acquiring an additional 1,963 shares in the last quarter. Candriam Luxembourg S.C.A. raised its holdings in Unilever by 40.5% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 41,294 shares of the company’s stock valued at $1,881,000 after acquiring an additional 11,905 shares in the last quarter. Baird Financial Group Inc. raised its holdings in Unilever by 10.7% in the 1st quarter. Baird Financial Group Inc. now owns 127,034 shares of the company’s stock valued at $5,788,000 after acquiring an additional 12,302 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Unilever by 204.6% in the 1st quarter. Covestor Ltd now owns 667 shares of the company’s stock valued at $30,000 after acquiring an additional 448 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Price Performance

Unilever stock opened at $46.48 on Wednesday. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $55.99. The stock has a fifty day moving average of $49.40 and a 200-day moving average of $48.57.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were issued a dividend of $0.4582 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.94%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UL. Morgan Stanley cut Unilever from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $52.00 to $48.00 in a report on Tuesday, February 27th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Saturday. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $48.00.

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.