Wealth Alliance Sells 199 Shares of Unilever PLC (NYSE:UL)

Wealth Alliance reduced its position in Unilever PLC (NYSE:UL) by 2.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,198 shares of the company’s stock after selling 199 shares during the quarter. Wealth Alliance’s holdings in Unilever were worth $522,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of UL. Golden State Wealth Management LLC acquired a new position in shares of Unilever during the fourth quarter valued at about $26,000. Financial Life Planners bought a new position in Unilever in the 4th quarter valued at about $28,000. Roxbury Financial LLC acquired a new position in Unilever during the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Unilever during the 3rd quarter worth approximately $35,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Unilever in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

UL opened at $55.52 on Friday. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The firm has a 50-day moving average of $56.85 and a 200 day moving average of $60.13.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.4674 per share. The ex-dividend date is Friday, February 28th. This represents a $1.87 annualized dividend and a dividend yield of 3.37%.

Wall Street Analysts Forecast Growth

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

Unilever 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.