Federated Hermes Inc. Sells 1,146,236 Shares of Unilever PLC (NYSE:UL)

Federated Hermes Inc. reduced its stake in shares of Unilever PLC (NYSE:UL) by 44.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,436,700 shares of the company’s stock after selling 1,146,236 shares during the period. Federated Hermes Inc.’s holdings in Unilever were worth $69,651,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in UL. Citigroup Inc. raised its position in shares of Unilever by 51.1% in the 3rd quarter. Citigroup Inc. now owns 672,859 shares of the company’s stock valued at $33,239,000 after purchasing an additional 227,681 shares during the last quarter. Manning & Napier Group LLC grew its holdings in shares of 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 buying an additional 47,256 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of 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 acquiring an additional 167,146 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Unilever by 14.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 762,085 shares of the company’s stock worth $36,946,000 after acquiring an additional 98,275 shares during the period. Finally, Deutsche Bank AG increased its holdings in shares of Unilever by 3.4% in the third quarter. Deutsche Bank AG now owns 47,772 shares of the company’s stock valued at $2,360,000 after purchasing an additional 1,589 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Up 0.3 %

Unilever stock opened at $46.85 on Friday. The business’s 50-day moving average price is $49.28 and its 200 day moving average price is $48.54. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $55.99.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were given a $0.4582 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.83 annualized dividend and a yield of 3.91%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Morgan Stanley lowered Unilever from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $52.00 to $48.00 in a research report on Tuesday, February 27th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Unilever currently has an average rating of “Hold” and an average 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.