Legacy Financial Advisors Inc. Sells 3,237 Shares of Unilever PLC (NYSE:UL)

Legacy Financial Advisors Inc. lowered its holdings in Unilever PLC (NYSE:UL) by 21.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,165 shares of the company’s stock after selling 3,237 shares during the period. Legacy Financial Advisors Inc.’s holdings in Unilever were worth $590,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Fisher Asset Management LLC increased its position in Unilever by 9.8% in the fourth quarter. Fisher Asset Management LLC now owns 10,843,977 shares of the company’s stock worth $525,716,000 after buying an additional 965,173 shares during the last quarter. FMR LLC raised its stake in Unilever by 6.4% in the 3rd quarter. FMR LLC now owns 8,548,447 shares of the company’s stock valued at $422,293,000 after acquiring an additional 515,088 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Unilever by 35.3% during the third quarter. Envestnet Asset Management Inc. now owns 4,748,095 shares of the company’s stock valued at $234,556,000 after purchasing an additional 1,238,734 shares during the last quarter. Royal Bank of Canada boosted its position in Unilever by 1.8% during the third quarter. Royal Bank of Canada now owns 3,819,083 shares of the company’s stock worth $188,664,000 after purchasing an additional 67,190 shares during the period. Finally, Manning & Napier Group LLC increased its stake in shares of Unilever by 1.4% in the fourth quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock worth $161,582,000 after purchasing an additional 47,256 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on UL shares. Morgan Stanley downgraded shares of Unilever from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $48.00.

Unilever Price Performance

NYSE:UL traded up $0.11 during mid-day trading on Friday, hitting $52.13. 4,413,133 shares of the stock traded hands, compared to its average volume of 3,468,891. The business’s 50-day moving average price is $49.21 and its 200 day moving average price is $48.69. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $55.69.

Unilever Cuts Dividend

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

About Unilever

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.