Financial Advocates Investment Management reduced its position in shares of Unilever N.V. (NYSE:UL) by 15.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,471 shares of the company’s stock after selling 277 shares during the quarter. Financial Advocates Investment Management’s holdings in Unilever were worth $189,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Highwater Wealth Management LLC purchased a new stake in Unilever during the 4th quarter worth about $29,000. CNB Bank purchased a new position in shares of Unilever in the 4th quarter valued at about $30,000. Lindbrook Capital LLC purchased a new position in shares of Unilever in the 4th quarter valued at about $31,000. Sontag Advisory LLC purchased a new position in shares of Unilever in the 4th quarter valued at about $33,000. Finally, Camarda Financial Advisors LLC increased its holdings in shares of Unilever by 84.5% in the 4th quarter. Camarda Financial Advisors LLC now owns 906 shares of the company’s stock valued at $47,000 after acquiring an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 6.43% of the company’s stock.
A number of analysts recently issued reports on UL shares. Exane BNP Paribas cut Unilever from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. Zacks Investment Research cut Unilever from a “hold” rating to a “sell” rating in a research report on Saturday, January 19th. DZ Bank cut Unilever from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, BNP Paribas cut Unilever from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company’s stock. Unilever presently has an average rating of “Hold” and an average price target of $66.00.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.4641 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.12%. This is an increase from Unilever’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, May 2nd. Unilever’s dividend payout ratio is 63.18%.
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Unilever Company Profile
Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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