Cable Hill Partners LLC Raises Holdings in Unilever PLC (NYSE:UL)

Cable Hill Partners LLC lifted its holdings in shares of Unilever PLC (NYSE:UL) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,664 shares of the company’s stock after buying an additional 202 shares during the period. Cable Hill Partners LLC’s holdings in Unilever were worth $264,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of UL. Jennison Associates LLC raised its stake in shares of Unilever by 981.6% during the 3rd quarter. Jennison Associates LLC now owns 2,076,169 shares of the company’s stock worth $134,868,000 after buying an additional 1,884,216 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Unilever by 7.1% in the 3rd quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock worth $1,086,547,000 after acquiring an additional 1,114,177 shares during the period. Citigroup Inc. grew its holdings in shares of Unilever by 493.4% in the 3rd quarter. Citigroup Inc. now owns 1,105,064 shares of the company’s stock worth $71,785,000 after acquiring an additional 918,841 shares during the period. Icon Wealth Advisors LLC grew its holdings in shares of Unilever by 7,466.0% in the 3rd quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock worth $40,897,000 after acquiring an additional 621,248 shares during the period. Finally, Hamlin Capital Management LLC grew its holdings in shares of Unilever by 7.8% in the 4th quarter. Hamlin Capital Management LLC now owns 2,874,929 shares of the company’s stock worth $163,008,000 after acquiring an additional 207,549 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Royal Bank of Canada cut Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Three analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.75.

Unilever Stock Up 0.2 %

Shares of UL opened at $56.02 on Thursday. The stock’s fifty day simple moving average is $56.63 and its 200 day simple moving average is $59.98. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.4674 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 annualized dividend and a dividend yield of 3.34%.

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.