Jacobs & Co. CA Sells 4,856 Shares of Unilever PLC (NYSE:UL)

Jacobs & Co. CA lessened its stake in Unilever PLC (NYSE:UL) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 91,963 shares of the company’s stock after selling 4,856 shares during the quarter. Jacobs & Co. CA’s holdings in Unilever were worth $5,214,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Abich Financial Wealth Management LLC raised its holdings in Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after acquiring an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new stake in Unilever during the 3rd quarter valued at $35,000. Jamison Private Wealth Management Inc. raised its holdings in Unilever by 202.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after acquiring an additional 405 shares during the period. Brooklyn Investment Group bought a new stake in Unilever during the 3rd quarter valued at $40,000. Finally, Coastline Trust Co bought a new stake in Unilever during the 3rd quarter valued at $48,000. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UL. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Unilever has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever Price Performance

NYSE UL traded down $0.97 during mid-day trading on Friday, reaching $55.17. The stock had a trading volume of 1,896,856 shares, compared to its average volume of 2,077,227. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The stock has a market cap of $136.71 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.80 and a beta of 0.49. The company has a fifty day moving average price of $58.25 and a 200 day moving average price of $60.30.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were issued a $0.4755 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend was Friday, November 8th. Unilever’s payout ratio is presently 56.63%.

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.