Intrust Bank NA Sells 1,978 Shares of Unilever PLC (NYSE:UL)

Intrust Bank NA cut its holdings in shares of Unilever PLC (NYSE:UL) by 6.8% in the 4th quarter, Holdings Channel reports. The firm owned 27,042 shares of the company’s stock after selling 1,978 shares during the period. Intrust Bank NA’s holdings in Unilever were worth $1,311,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of UL. Naviter Wealth LLC boosted its stake in Unilever by 7.7% in the fourth quarter. Naviter Wealth LLC now owns 41,387 shares of the company’s stock valued at $2,006,000 after buying an additional 2,950 shares in the last quarter. Choreo LLC grew its holdings in shares of Unilever by 55.7% during the 4th quarter. Choreo LLC now owns 11,506 shares of the company’s stock valued at $558,000 after purchasing an additional 4,115 shares during the last quarter. Intellectus Partners LLC increased its position in Unilever by 8.5% during the 4th quarter. Intellectus Partners LLC now owns 11,553 shares of the company’s stock worth $560,000 after purchasing an additional 908 shares in the last quarter. Unique Wealth Strategies LLC bought a new position in Unilever in the 4th quarter valued at approximately $692,000. Finally, Russell Investments Group Ltd. boosted its position in Unilever by 65.7% in the fourth quarter. Russell Investments Group Ltd. now owns 231,683 shares of the company’s stock valued at $11,232,000 after buying an additional 91,836 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of UL traded up $0.36 during mid-day trading on Tuesday, reaching $51.86. 551,463 shares of the company were exchanged, compared to its average volume of 2,863,815. The business has a 50 day simple moving average of $49.12 and a two-hundred day simple moving average of $48.59. The stock has a market capitalization of $129.93 billion, a PE ratio of 16.45, a PEG ratio of 3.68 and a beta of 0.45. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $55.77.

Unilever Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.4556 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.82 annualized dividend and a yield of 3.51%. Unilever’s payout ratio is 57.83%.

Analysts Set New Price Targets

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

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.