Tweedy Browne Co LLC Has $5.32 Million Stock Holdings in Unilever PLC (NYSE:UL)

Tweedy Browne Co LLC lessened its holdings in Unilever PLC (NYSE:UL) by 13.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,002 shares of the company’s stock after selling 16,015 shares during the period. Tweedy Browne Co LLC’s holdings in Unilever were worth $5,320,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UL. Marino Stram & Associates LLC grew its stake in Unilever by 2.2% during the fourth quarter. Marino Stram & Associates LLC now owns 9,963 shares of the company’s stock worth $483,000 after buying an additional 215 shares during the last quarter. Pine Haven Investment Counsel Inc grew its holdings in Unilever by 3.7% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 6,133 shares of the company’s stock worth $297,000 after acquiring an additional 216 shares during the period. Avidian Wealth Solutions LLC grew its holdings in Unilever by 1.0% during the 4th quarter. Avidian Wealth Solutions LLC now owns 21,616 shares of the company’s stock worth $1,048,000 after acquiring an additional 216 shares during the period. Baystate Wealth Management LLC grew its holdings in Unilever by 29.9% during the 4th quarter. Baystate Wealth Management LLC now owns 948 shares of the company’s stock worth $46,000 after acquiring an additional 218 shares during the period. Finally, FinTrust Capital Advisors LLC grew its holdings in Unilever by 6.7% during the 4th quarter. FinTrust Capital Advisors LLC now owns 3,708 shares of the company’s stock worth $180,000 after acquiring an additional 232 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of Unilever stock traded up $1.04 on Friday, reaching $57.67. 2,023,060 shares of the stock were exchanged, compared to its average volume of 2,728,796. The firm’s 50 day moving average is $54.96 and its 200-day moving average is $51.13. Unilever PLC has a one year low of $46.16 and a one year high of $57.72.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a $0.4556 dividend. This represents a $1.82 annualized dividend and a yield of 3.16%. The ex-dividend date was Thursday, May 16th.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UL. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Finally, Argus boosted their price target on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $54.00.

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.