Concurrent Investment Advisors LLC Trims Stake in Unilever PLC (NYSE:UL)

Concurrent Investment Advisors LLC reduced its position in shares of Unilever PLC (NYSE:UL) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,482 shares of the company’s stock after selling 626 shares during the period. Concurrent Investment Advisors LLC’s holdings in Unilever were worth $3,032,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in UL. Fisher Asset Management LLC grew its position in Unilever by 7.1% in the third quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock worth $1,086,547,000 after acquiring an additional 1,114,177 shares in the last quarter. Jennison Associates LLC grew its position in Unilever by 66.4% in the fourth quarter. Jennison Associates LLC now owns 3,454,686 shares of the company’s stock worth $195,881,000 after acquiring an additional 1,378,517 shares in the last quarter. Hamlin Capital Management LLC lifted its stake in Unilever by 7.8% in the fourth quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company’s stock worth $163,008,000 after purchasing an additional 207,549 shares during the last quarter. Bank of Montreal Can lifted its stake in Unilever by 3.7% in the third quarter. Bank of Montreal Can now owns 1,812,164 shares of the company’s stock worth $118,588,000 after purchasing an additional 63,835 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Unilever by 18.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,240,653 shares of the company’s stock worth $70,132,000 after purchasing an additional 190,753 shares during the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UL has been the subject of several recent research reports. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Tuesday. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $61.75.

Unilever Price Performance

UL stock opened at $55.52 on Friday. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The firm has a 50-day moving average of $56.85 and a 200 day moving average of $60.13.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $0.4674 dividend. This represents a $1.87 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Friday, February 28th.

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.