Unilever PLC (NYSE:UL) Shares Sold by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA reduced its stake in shares of Unilever PLC (NYSE:UL) by 46.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,175 shares of the company’s stock after selling 4,410 shares during the quarter. Nichols & Pratt Advisers LLP MA’s holdings in Unilever were worth $251,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Life Planning Partners Inc acquired a new stake in Unilever during the fourth quarter worth about $27,000. Jones Financial Companies Lllp boosted its position in Unilever by 111.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock worth $27,000 after purchasing an additional 291 shares in the last quarter. VisionPoint Advisory Group LLC grew its stake in shares of Unilever by 215.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after purchasing an additional 400 shares during the period. Evolution Advisers Inc. purchased a new position in shares of Unilever during the 4th quarter valued at approximately $34,000. Finally, Planned Solutions Inc. purchased a new stake in Unilever during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Unilever stock traded up $0.11 during midday trading on Friday, reaching $53.53. The company had a trading volume of 1,484,094 shares, compared to its average volume of 2,914,251. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $54.38. The company has a market capitalization of $134.11 billion, a P/E ratio of 17.12, a P/E/G ratio of 2.97 and a beta of 0.43. The firm’s fifty day simple moving average is $49.46 and its 200-day simple moving average is $48.81.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $0.4556 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.82 annualized dividend and a dividend yield of 3.40%. Unilever’s dividend payout ratio (DPR) is presently 57.51%.

Analysts Set New Price Targets

UL has been the subject of a number of recent analyst reports. Morgan Stanley cut shares of Unilever from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $52.00 to $48.00 in a report on Tuesday, February 27th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, Argus raised their price objective on Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Unilever presently has a consensus rating of “Hold” and an average price target of $54.00.

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.