Keybank National Association OH Sells 699 Shares of Unilever PLC (NYSE:UL)

Keybank National Association OH reduced its holdings in Unilever PLC (NYSE:UL) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 63,247 shares of the company’s stock after selling 699 shares during the period. Keybank National Association OH’s holdings in Unilever were worth $3,586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of Unilever in the 4th quarter worth $26,000. Financial Life Planners purchased a new position in shares of Unilever in the 4th quarter worth $28,000. Roxbury Financial LLC purchased a new position in shares of Unilever in the 4th quarter worth $30,000. Mainstream Capital Management LLC purchased a new position in shares of Unilever in the 4th quarter worth $31,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Unilever in the 4th quarter worth $36,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on UL. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Royal Bank of Canada cut shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Finally, DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $66.33.

Unilever Trading Up 0.6 %

UL stock opened at $58.38 on Thursday. The stock has a market cap of $144.85 billion, a PE ratio of 16.73, a P/E/G ratio of 1.60 and a beta of 0.47. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The company has a 50-day moving average price of $56.64 and a 200 day moving average price of $59.86.

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 $0.4674 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 annualized dividend and a yield of 3.20%. Unilever’s dividend payout ratio (DPR) is 53.01%.

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.