Callan Capital LLC Sells 965 Shares of Unilever PLC (NYSE:UL)

Callan Capital LLC lessened its stake in shares of Unilever PLC (NYSE:UL) by 9.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,866 shares of the company’s stock after selling 965 shares during the period. Callan Capital LLC’s holdings in Unilever were worth $503,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Unilever in the fourth quarter worth about $26,000. Financial Life Planners bought a new position in shares of Unilever in the fourth quarter worth about $28,000. Roxbury Financial LLC bought a new position in shares of Unilever in the fourth quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Unilever in the third quarter worth about $35,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Unilever in the fourth quarter worth about $36,000. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of Unilever stock opened at $56.14 on Friday. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The stock has a 50 day moving average of $56.79 and a 200 day moving average of $60.09.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $0.4674 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a yield of 3.33%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UL. Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Unilever presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

About Unilever

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.