Forvis Mazars Wealth Advisors LLC Decreases Position in Unilever PLC (NYSE:UL)

Forvis Mazars Wealth Advisors LLC cut its position in Unilever PLC (NYSE:UL) by 4.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,146 shares of the company’s stock after selling 185 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Unilever were worth $235,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Stonegate Investment Group LLC raised its holdings in Unilever by 155.2% in the fourth quarter. Stonegate Investment Group LLC now owns 8,415 shares of the company’s stock worth $477,000 after buying an additional 5,117 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Unilever by 16.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock worth $7,180,000 after buying an additional 15,941 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Unilever in the third quarter worth approximately $11,694,000. WCM Investment Management LLC grew its stake in shares of Unilever by 236.2% in the third quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock worth $1,997,000 after acquiring an additional 21,441 shares during the period. Finally, Radnor Capital Management LLC bought a new stake in shares of Unilever in the third quarter worth approximately $1,388,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Performance

Shares of NYSE UL opened at $56.30 on Tuesday. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The firm has a 50 day moving average of $56.73 and a 200 day moving average of $60.04.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a $0.4674 dividend. This represents a $1.87 annualized dividend and a yield of 3.32%. The ex-dividend date is Friday, February 28th.

Wall Street Analyst Weigh In

UL has been the subject of a number of research analyst reports. Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.