Shufro Rose & Co. LLC Decreases Stake in Unilever PLC (NYSE:UL)

Shufro Rose & Co. LLC lessened its holdings in shares of Unilever PLC (NYSE:UL) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,486 shares of the company’s stock after selling 703 shares during the period. Shufro Rose & Co. LLC’s holdings in Unilever were worth $5,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in UL. Simplicity Solutions LLC raised its holdings in shares of Unilever by 1.6% during the third quarter. Simplicity Solutions LLC now owns 40,956 shares of the company’s stock worth $2,023,000 after purchasing an additional 631 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Unilever by 28.1% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 8,076 shares of the company’s stock worth $399,000 after purchasing an additional 1,774 shares during the last quarter. Ballentine Partners LLC raised its holdings in shares of Unilever by 7.8% during the third quarter. Ballentine Partners LLC now owns 13,477 shares of the company’s stock worth $666,000 after purchasing an additional 975 shares during the last quarter. Golden State Equity Partners raised its holdings in shares of Unilever by 10.1% during the third quarter. Golden State Equity Partners now owns 16,331 shares of the company’s stock worth $807,000 after purchasing an additional 1,493 shares during the last quarter. Finally, Signet Investment Advisory Group Inc. grew its position in Unilever by 8.2% during the third quarter. Signet Investment Advisory Group Inc. now owns 28,373 shares of the company’s stock valued at $1,402,000 after buying an additional 2,140 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

UL traded up $0.32 on Friday, reaching $51.24. 4,278,463 shares of the company’s stock were exchanged, compared to its average volume of 3,049,528. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $55.99. The stock’s fifty day moving average price is $49.11 and its 200-day moving average price is $48.56.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.4556 per share. This represents a $1.82 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Thursday, May 16th.

Analyst Ratings Changes

UL has been the topic of several analyst reports. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. Morgan Stanley lowered shares of Unilever from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $52.00 to $48.00 in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $48.00.

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.