Unilever PLC (NYSE:UL) Shares Sold by Mengis Capital Management Inc.

Mengis Capital Management Inc. lessened its stake in shares of Unilever PLC (NYSE:UL) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,562 shares of the company’s stock after selling 300 shares during the period. Mengis Capital Management Inc.’s holdings in Unilever were worth $769,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Edge Capital Group LLC lifted its holdings in shares of Unilever by 3,569.2% in the fourth quarter. Edge Capital Group LLC now owns 152,932 shares of the company’s stock valued at $8,671,000 after purchasing an additional 148,764 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Unilever by 833.4% in the fourth quarter. IFP Advisors Inc now owns 47,726 shares of the company’s stock valued at $2,706,000 after purchasing an additional 42,613 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Unilever in the fourth quarter valued at $816,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Unilever in the fourth quarter valued at $40,000. Finally, MONECO Advisors LLC purchased a new stake in shares of Unilever in the fourth quarter valued at $221,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Trading Up 0.3 %

Shares of NYSE:UL opened at $56.30 on Tuesday. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The business has a fifty day simple moving average of $56.73 and a 200 day simple moving average of $60.04.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $0.4674 per share. This represents a $1.87 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, February 28th.

Wall Street Analyst Weigh In

UL has been the subject of a number of research analyst reports. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a report on Tuesday, February 18th. Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Finally, DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.75.

About Unilever

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.