Unilever PLC (NYSE:UL) Stock Holdings Lessened by Forte Capital LLC ADV

Forte Capital LLC ADV cut its holdings in Unilever PLC (NYSE:UL) by 4.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 41,725 shares of the company’s stock after selling 1,730 shares during the period. Forte Capital LLC ADV’s holdings in Unilever were worth $2,023,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Jones Financial Companies Lllp grew its stake in Unilever by 111.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock worth $27,000 after buying an additional 291 shares during the last quarter. Life Planning Partners Inc acquired a new position in shares of Unilever during the fourth quarter valued at $27,000. VisionPoint Advisory Group LLC grew its position in shares of Unilever by 215.1% during the third quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after acquiring an additional 400 shares during the last quarter. Evolution Advisers Inc. acquired a new stake in shares of Unilever in the 4th quarter worth about $34,000. Finally, Planned Solutions Inc. acquired a new stake in shares of Unilever in the 4th quarter worth about $44,000. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of NYSE UL traded up $0.11 during midday trading on Friday, reaching $52.13. 4,413,133 shares of the company traded hands, compared to its average volume of 3,468,891. The stock has a 50-day moving average price of $49.21 and a 200 day moving average price of $48.69. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $55.69.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a dividend of $0.4556 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.50%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UL. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley downgraded Unilever from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Unilever currently has a consensus rating of “Hold” and a consensus target price of $48.00.

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.