Godshalk Welsh Capital Management Inc. Has $411,000 Stock Position in Unilever PLC (NYSE:UL)

Godshalk Welsh Capital Management Inc. cut its holdings in shares of Unilever PLC (NYSE:UL) by 36.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,475 shares of the company’s stock after selling 4,940 shares during the period. Godshalk Welsh Capital Management Inc.’s holdings in Unilever were worth $411,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Marino Stram & Associates LLC increased its position in shares of Unilever by 2.2% during the fourth quarter. Marino Stram & Associates LLC now owns 9,963 shares of the company’s stock worth $483,000 after acquiring an additional 215 shares in the last quarter. Pine Haven Investment Counsel Inc grew its position in Unilever by 3.7% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 6,133 shares of the company’s stock worth $297,000 after purchasing an additional 216 shares in the last quarter. Avidian Wealth Solutions LLC grew its position in Unilever by 1.0% in the 4th quarter. Avidian Wealth Solutions LLC now owns 21,616 shares of the company’s stock worth $1,048,000 after purchasing an additional 216 shares in the last quarter. Baystate Wealth Management LLC grew its position in Unilever by 29.9% in the 4th quarter. Baystate Wealth Management LLC now owns 948 shares of the company’s stock worth $46,000 after purchasing an additional 218 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in Unilever by 0.4% in the 3rd quarter. Private Advisor Group LLC now owns 57,807 shares of the company’s stock worth $2,856,000 after purchasing an additional 221 shares in the last quarter. 9.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on UL shares. Morgan Stanley downgraded shares of Unilever from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. Argus upped their price objective on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Unilever presently has a consensus rating of “Hold” and an average target price of $54.00.

Unilever Stock Up 0.3 %

Shares of Unilever stock traded up $0.19 on Friday, reaching $54.56. 3,153,122 shares of the company traded hands, compared to its average volume of 2,848,088. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $54.98. The company has a 50 day moving average of $50.56 and a 200 day moving average of $49.33.

Unilever Cuts Dividend

The business 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 dividend of $0.4556 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date is Thursday, May 16th.

About Unilever

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.