Kennon Green & Company LLC Sells 10,001 Shares of Unilever PLC (NYSE:UL)

Kennon Green & Company LLC lowered its position in Unilever PLC (NYSE:UL) by 16.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,370 shares of the company’s stock after selling 10,001 shares during the period. Unilever accounts for 2.4% of Kennon Green & Company LLC’s portfolio, making the stock its 19th largest holding. Kennon Green & Company LLC’s holdings in Unilever were worth $2,393,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of UL. Jones Financial Companies Lllp lifted its holdings in Unilever by 111.5% in the third quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock valued at $27,000 after buying an additional 291 shares during the period. Life Planning Partners Inc acquired a new stake in Unilever during the 4th quarter worth $27,000. VisionPoint Advisory Group LLC lifted its holdings in Unilever by 215.1% during the third quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after acquiring an additional 400 shares in the last quarter. Barrett & Company Inc. raised its position in shares of Unilever by 51.5% during the third quarter. Barrett & Company Inc. now owns 606 shares of the company’s stock worth $30,000 after purchasing an additional 206 shares during the period. Finally, Evolution Advisers Inc. bought a new position in shares of Unilever during the 4th quarter valued at about $34,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Unilever Price Performance

Shares of UL traded up $0.11 during mid-day trading on Monday, hitting $51.35. 2,532,456 shares of the company’s stock were exchanged, compared to its average volume of 2,883,506. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $55.77. The company has a 50-day simple moving average of $49.11 and a 200 day simple moving average of $48.56.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $0.4556 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Thursday, May 16th.

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.