GRATRY & Co LLC cut its position in Unilever plc (NYSE:UL) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,795 shares of the company’s stock after selling 4,725 shares during the period. Unilever makes up 2.3% of GRATRY & Co LLC’s holdings, making the stock its 22nd largest position. GRATRY & Co LLC’s holdings in Unilever were worth $1,870,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in UL. Advisors Preferred LLC purchased a new stake in shares of Unilever in the third quarter worth about $122,000. Fieldpoint Private Securities LLC purchased a new stake in shares of Unilever in the third quarter worth about $135,000. Duncker Streett & Co. Inc. purchased a new stake in shares of Unilever in the fourth quarter worth about $152,000. Global Trust Asset Management LLC purchased a new stake in shares of Unilever in the fourth quarter worth about $174,000. Finally, Segment Wealth Management LLC purchased a new stake in shares of Unilever in the third quarter worth about $201,000. 7.04% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on UL. Zacks Investment Research downgraded Unilever from a “buy” rating to a “sell” rating in a research note on Saturday, October 14th. Morgan Stanley restated a “neutral” rating on shares of Unilever in a research note on Wednesday, October 11th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Unilever in a research note on Monday, December 18th. Finally, Argus began coverage on Unilever in a research note on Friday, November 17th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $44.50.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Friday, February 16th will be given a dividend of $0.4452 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.78 dividend on an annualized basis and a yield of 3.30%. This is an increase from Unilever’s previous quarterly dividend of $0.42.
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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