Spire Wealth Management Sells 884 Shares of Unilever PLC (NYSE:UL)

Spire Wealth Management reduced its position in Unilever PLC (NYSE:UL) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,722 shares of the company’s stock after selling 884 shares during the quarter. Spire Wealth Management’s holdings in Unilever were worth $883,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its position in Unilever by 111.5% during the third quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock valued at $27,000 after purchasing an additional 291 shares in the last quarter. Life Planning Partners Inc acquired a new position in shares of Unilever during the 4th quarter worth $27,000. VisionPoint Advisory Group LLC lifted its position in shares of Unilever by 215.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after buying an additional 400 shares during the last quarter. Evolution Advisers Inc. acquired a new stake in Unilever in the fourth quarter valued at about $34,000. Finally, Planned Solutions Inc. acquired a new stake in Unilever in the fourth quarter valued at about $44,000. 9.67% of the stock is owned by institutional investors.

Unilever Price Performance

Shares of Unilever stock opened at $52.69 on Thursday. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $55.08. The company’s fifty day moving average is $49.30 and its 200 day moving average is $48.75.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.4556 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.82 annualized dividend and a dividend yield of 3.46%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UL. Morgan Stanley cut shares of Unilever from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. Argus raised their target price on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Unilever has an average rating of “Hold” and a consensus price target of $54.00.

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.