Bailard Inc. Sells 1,051 Shares of Unilever PLC (NYSE:UL)

Bailard Inc. lowered its stake in Unilever PLC (NYSE:UL) by 7.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 13,282 shares of the company’s stock after selling 1,051 shares during the quarter. Bailard Inc.’s holdings in Unilever were worth $644,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Citigroup Inc. boosted its holdings in Unilever by 51.1% in the third quarter. Citigroup Inc. now owns 672,859 shares of the company’s stock valued at $33,239,000 after acquiring an additional 227,681 shares in the last quarter. Manning & Napier Group LLC boosted its holdings in Unilever by 1.4% in the fourth quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock valued at $161,582,000 after acquiring an additional 47,256 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in Unilever by 3,718.5% in the fourth quarter. International Assets Investment Management LLC now owns 171,641 shares of the company’s stock valued at $8,321,000 after acquiring an additional 167,146 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Unilever by 14.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 762,085 shares of the company’s stock valued at $36,946,000 after acquiring an additional 98,275 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in Unilever by 3.4% in the third quarter. Deutsche Bank AG now owns 47,772 shares of the company’s stock valued at $2,360,000 after acquiring an additional 1,589 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of Unilever stock opened at $51.24 on Friday. The business has a fifty day simple moving average of $49.11 and a two-hundred day simple moving average of $48.56. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $55.99.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a dividend of $0.4556 per share. This represents a $1.82 annualized dividend and a yield of 3.56%. The ex-dividend date is Thursday, May 16th.

Analyst Ratings Changes

Several analysts recently weighed in on UL shares. Morgan Stanley cut shares of Unilever from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $52.00 to $48.00 in a report on Tuesday, February 27th. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Unilever has a consensus rating of “Hold” and a consensus target price of $48.00.

Unilever Company 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.