Hemenway Trust Co LLC Decreases Position in Unilever PLC (NYSE:UL)

Hemenway Trust Co LLC reduced its position in shares of Unilever PLC (NYSE:UL) by 19.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 4,942 shares of the company’s stock after selling 1,221 shares during the period. Hemenway Trust Co LLC’s holdings in Unilever were worth $248,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of UL. Norges Bank purchased a new stake in shares of Unilever during the 4th quarter worth $151,263,000. Wellington Management Group LLP lifted its position in shares of Unilever by 3.3% during the 4th quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock worth $1,672,275,000 after purchasing an additional 1,114,417 shares during the last quarter. Fisher Asset Management LLC lifted its position in Unilever by 9.8% in the fourth quarter. Fisher Asset Management LLC now owns 10,843,977 shares of the company’s stock valued at $525,716,000 after acquiring an additional 965,173 shares during the last quarter. Corient Private Wealth LLC lifted its position in Unilever by 121.3% in the fourth quarter. Corient Private Wealth LLC now owns 1,352,472 shares of the company’s stock valued at $65,568,000 after acquiring an additional 741,363 shares during the last quarter. Finally, Morningstar Investment Services LLC lifted its position in Unilever by 97.9% in the fourth quarter. Morningstar Investment Services LLC now owns 1,212,262 shares of the company’s stock valued at $58,770,000 after acquiring an additional 599,759 shares during the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Performance

NYSE UL traded up $0.09 during trading on Thursday, reaching $56.63. The company’s stock had a trading volume of 2,946,452 shares, compared to its average volume of 2,734,142. The firm has a market cap of $141.75 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 2.97 and a beta of 0.46. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $57.04. The business’s fifty day moving average price is $54.96 and its 200-day moving average price is $51.13.

Unilever Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were paid a dividend of $0.4556 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.22%. Unilever’s dividend payout ratio (DPR) is 56.96%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UL. Argus boosted their price target on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Thursday, June 27th. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Finally, JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Unilever has an average rating of “Hold” and an average target price of $54.00.

Unilever 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.