Bryn Mawr Capital Management LLC Trims Stake in Unilever PLC (NYSE:UL)

Bryn Mawr Capital Management LLC reduced its position in Unilever PLC (NYSE:UL) by 71.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,533 shares of the company’s stock after selling 6,197 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Unilever were worth $144,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stonegate Investment Group LLC raised its position in Unilever by 155.2% in the 4th quarter. Stonegate Investment Group LLC now owns 8,415 shares of the company’s stock worth $477,000 after purchasing an additional 5,117 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Unilever by 16.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock worth $7,180,000 after purchasing an additional 15,941 shares during the period. Verition Fund Management LLC purchased a new stake in Unilever in the 3rd quarter worth about $11,694,000. WCM Investment Management LLC raised its position in Unilever by 236.2% in the 3rd quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock worth $1,997,000 after purchasing an additional 21,441 shares during the period. Finally, Radnor Capital Management LLC purchased a new stake in Unilever in the 3rd quarter worth about $1,388,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Trading Up 1.1 %

NYSE UL opened at $56.14 on Friday. The firm’s 50 day moving average price is $56.79 and its 200-day moving average price is $60.09. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87.

Unilever Cuts Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.33%.

Analysts Set New Price Targets

UL has been the topic of a number of research analyst reports. Erste Group Bank restated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Royal Bank of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Finally, DZ Bank upgraded shares of 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $61.75.

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.