Leisure Capital Management Has $732,000 Stock Position in Unilever PLC (NYSE:UL)

Leisure Capital Management reduced its holdings in shares of Unilever PLC (NYSE:UL) by 27.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,100 shares of the company’s stock after selling 5,705 shares during the quarter. Leisure Capital Management’s holdings in Unilever were worth $732,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Citigroup Inc. boosted its stake in shares of Unilever by 51.1% in the 3rd quarter. Citigroup Inc. now owns 672,859 shares of the company’s stock valued at $33,239,000 after purchasing an additional 227,681 shares in the last quarter. Manning & Napier Group LLC increased its holdings in shares of Unilever by 1.4% during the fourth quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock worth $161,582,000 after buying an additional 47,256 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Unilever by 3,718.5% in the 4th quarter. International Assets Investment Management LLC now owns 171,641 shares of the company’s stock valued at $8,321,000 after acquiring an additional 167,146 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Unilever by 14.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 762,085 shares of the company’s stock valued at $36,946,000 after acquiring an additional 98,275 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Unilever by 3.4% during the 3rd quarter. Deutsche Bank AG now owns 47,772 shares of the company’s stock valued at $2,360,000 after acquiring an additional 1,589 shares in the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Up 0.6 %

NYSE:UL traded up $0.32 during trading hours on Friday, hitting $51.24. 4,278,463 shares of the company were exchanged, compared to its average volume of 3,049,528. The company has a fifty day simple moving average of $49.11 and a 200 day simple moving average of $48.56. Unilever PLC has a one year low of $46.16 and a one year high of $55.99.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $0.4556 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, May 16th.

Wall Street Analyst Weigh In

Several equities analysts have commented on UL shares. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley lowered shares of Unilever from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $52.00 to $48.00 in a report on Tuesday, February 27th. Three 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $48.00.

Unilever Company 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.