Somerville Kurt F Sells 350 Shares of Unilever PLC (NYSE:UL)

Somerville Kurt F trimmed its position in shares of Unilever PLC (NYSE:UL) by 8.3% during the 4th quarter, Holdings Channel reports. The firm owned 3,892 shares of the company’s stock after selling 350 shares during the period. Somerville Kurt F’s holdings in Unilever were worth $221,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of UL. Golden State Wealth Management LLC purchased a new position in shares of Unilever in the fourth quarter valued at about $26,000. Financial Life Planners purchased a new position in Unilever in the 4th quarter worth approximately $28,000. VSM Wealth Advisory LLC bought a new position in Unilever in the 4th quarter worth approximately $28,000. Roxbury Financial LLC purchased a new stake in Unilever during the 4th quarter valued at approximately $30,000. Finally, Mainstream Capital Management LLC bought a new stake in shares of Unilever during the fourth quarter valued at approximately $31,000. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. 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. Finally, DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $66.33.

Unilever Stock Up 4.6 %

NYSE UL opened at $62.60 on Friday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The firm has a market capitalization of $155.06 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.60 and a beta of 0.42. The company has a fifty day moving average of $57.94 and a two-hundred day moving average of $59.16.

Unilever Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were issued a dividend of $0.4674 per share. The ex-dividend date was Friday, February 28th. This represents a $1.87 annualized dividend and a yield of 2.99%. Unilever’s payout ratio is 53.01%.

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.