Courier Capital LLC Has $3.18 Million Position in Unilever PLC (NYSE:UL)

Courier Capital LLC cut its position in shares of Unilever PLC (NYSE:UL) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,565 shares of the company’s stock after selling 2,462 shares during the period. Courier Capital LLC’s holdings in Unilever were worth $3,179,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Quilter Plc acquired a new position in shares of Unilever during the 1st quarter worth about $244,998,000. Barrett & Company Inc. raised its holdings in Unilever by 51.5% in the 3rd quarter. Barrett & Company Inc. now owns 606 shares of the company’s stock valued at $30,000 after acquiring an additional 206 shares during the period. Legacy Private Trust Co. raised its holdings in Unilever by 4.0% in the 3rd quarter. Legacy Private Trust Co. now owns 5,518 shares of the company’s stock valued at $273,000 after acquiring an additional 212 shares during the period. Sage Rhino Capital LLC raised its holdings in Unilever by 2.4% in the 3rd quarter. Sage Rhino Capital LLC now owns 9,066 shares of the company’s stock valued at $448,000 after acquiring an additional 215 shares during the period. Finally, Cullen Frost Bankers Inc. raised its holdings in Unilever by 1.1% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 19,932 shares of the company’s stock valued at $985,000 after acquiring an additional 221 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Performance

Shares of NYSE:UL opened at $50.13 on Thursday. The company’s 50 day moving average price is $49.32 and its two-hundred day moving average price is $48.74. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $55.99.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were given a dividend of $0.4582 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.66%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UL. Sanford C. Bernstein raised shares of Unilever from an “underperform” rating to a “market perform” rating in a report on Monday, December 11th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Morgan Stanley cut shares of Unilever from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $52.00 to $48.00 in a report on Tuesday, February 27th. Finally, Jefferies Financial Group cut shares of Unilever from a “buy” rating to an “underperform” rating in a report on Monday, December 11th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $48.00.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream segments. 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, which includes the vitamins, minerals, and supplements.