Ycg LLC Reduces Stake in Unilever PLC (NYSE:UL)

Ycg LLC reduced its stake in Unilever PLC (NYSE:UL) by 0.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 290,535 shares of the company’s stock after selling 1,802 shares during the period. Unilever accounts for approximately 1.1% of Ycg LLC’s investment portfolio, making the stock its 29th largest position. Ycg LLC’s holdings in Unilever were worth $14,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Red Tortoise LLC acquired a new position in Unilever during the 1st quarter worth about $26,000. Life Planning Partners Inc acquired a new stake in Unilever in the 4th quarter valued at about $27,000. Rise Advisors LLC acquired a new stake in Unilever in the 1st quarter valued at about $28,000. Quent Capital LLC acquired a new stake in Unilever in the 1st quarter valued at about $28,000. Finally, VisionPoint Advisory Group LLC raised its position in shares of Unilever by 215.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after acquiring an additional 400 shares in the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UL. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Finally, Argus lifted their price target on Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $54.00.

Unilever Stock Up 1.7 %

Shares of NYSE:UL traded up $0.98 on Friday, hitting $57.62. The company had a trading volume of 3,254,788 shares, compared to its average volume of 2,738,057. The business has a 50 day moving average of $54.96 and a 200 day moving average of $51.13. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $57.83.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a $0.4556 dividend. The ex-dividend date was Thursday, May 16th. This represents a $1.82 annualized dividend and a yield of 3.16%.

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.