Court Place Advisors LLC Has $479,000 Stake in Unilever PLC (NYSE:UL)

Court Place Advisors LLC decreased its stake in Unilever PLC (NYSE:UL) by 17.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,875 shares of the company’s stock after selling 2,143 shares during the quarter. Court Place Advisors LLC’s holdings in Unilever were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in UL. Norges Bank acquired a new stake in shares of Unilever during the fourth quarter worth about $181,854,000. Alliancebernstein L.P. acquired a new stake in shares of Unilever during the fourth quarter worth about $169,744,000. Price T Rowe Associates Inc. MD raised its position in shares of Unilever by 1,869.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,519,198 shares of the company’s stock worth $69,625,000 after purchasing an additional 1,442,059 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Unilever by 35.3% during the third quarter. Envestnet Asset Management Inc. now owns 4,748,095 shares of the company’s stock worth $234,556,000 after purchasing an additional 1,238,734 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Unilever by 29.4% during the second quarter. Goldman Sachs Group Inc. now owns 3,793,258 shares of the company’s stock worth $173,844,000 after purchasing an additional 861,988 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on UL. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley lowered Unilever from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $48.00.

Unilever Stock Up 0.5 %

Unilever stock traded up $0.22 during midday trading on Wednesday, reaching $46.69. The stock had a trading volume of 4,907,108 shares, compared to its average volume of 2,750,858. The firm’s fifty day simple moving average is $49.40 and its 200-day simple moving average is $48.57. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $55.99.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were given a $0.4582 dividend. This represents a $1.83 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Thursday, February 22nd.

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.