Greenleaf Trust Sells 14,696 Shares of Unilever PLC (NYSE:UL)

Greenleaf Trust lessened its stake in shares of Unilever PLC (NYSE:UL) by 63.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,508 shares of the company’s stock after selling 14,696 shares during the period. Greenleaf Trust’s holdings in Unilever were worth $412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Barrett & Company Inc. lifted its position in shares of Unilever by 51.5% during the 3rd quarter. Barrett & Company Inc. now owns 606 shares of the company’s stock worth $30,000 after buying an additional 206 shares during the period. Sage Rhino Capital LLC increased its holdings in Unilever by 2.4% during the 3rd quarter. Sage Rhino Capital LLC now owns 9,066 shares of the company’s stock valued at $448,000 after purchasing an additional 215 shares in the last quarter. Marino Stram & Associates LLC increased its holdings in Unilever by 2.2% during the 4th quarter. Marino Stram & Associates LLC now owns 9,963 shares of the company’s stock valued at $483,000 after purchasing an additional 215 shares in the last quarter. Pine Haven Investment Counsel Inc increased its holdings in Unilever by 3.7% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 6,133 shares of the company’s stock valued at $297,000 after purchasing an additional 216 shares in the last quarter. Finally, Baystate Wealth Management LLC increased its holdings in Unilever by 29.9% during the 4th quarter. Baystate Wealth Management LLC now owns 948 shares of the company’s stock valued at $46,000 after purchasing an additional 218 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Morgan Stanley cut Unilever from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $52.00 to $48.00 in a report on Tuesday, February 27th. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $48.00.

Unilever Price Performance

NYSE UL opened at $47.98 on Wednesday. The stock has a fifty day moving average of $49.12 and a 200-day moving average of $48.52. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $55.99.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were paid a $0.4582 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.83 annualized dividend and a dividend yield of 3.82%.

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.