Ritholtz Wealth Management Sells 11,371 Shares of Unilever PLC (NYSE:UL)

Ritholtz Wealth Management lowered its stake in shares of Unilever PLC (NYSE:UL) by 20.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 45,031 shares of the company’s stock after selling 11,371 shares during the quarter. Ritholtz Wealth Management’s holdings in Unilever were worth $2,553,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in UL. Abich Financial Wealth Management LLC grew its holdings in shares of Unilever by 393.5% in the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after acquiring an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in Unilever in the third quarter worth about $35,000. Jamison Private Wealth Management Inc. grew its stake in shares of Unilever by 202.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after purchasing an additional 405 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Unilever during the 3rd quarter valued at about $40,000. Finally, Coastline Trust Co bought a new position in shares of Unilever in the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UL shares. Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Finally, StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever Stock Up 0.4 %

NYSE UL opened at $55.68 on Friday. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The business has a 50-day moving average price of $57.69 and a 200-day moving average price of $60.27.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were paid a dividend of $0.4755 per share. This represents a $1.90 annualized dividend and a yield of 3.42%. This is a boost from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, November 8th.

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.