Old Port Advisors Reduces Stake in Unilever PLC (NYSE:UL)

Old Port Advisors cut its stake in shares of Unilever PLC (NYSE:UL) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,681 shares of the company’s stock after selling 270 shares during the period. Unilever accounts for about 0.9% of Old Port Advisors’ portfolio, making the stock its 24th biggest position. Old Port Advisors’ holdings in Unilever were worth $3,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mayflower Financial Advisors LLC boosted its stake in shares of Unilever by 4.1% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock worth $231,000 after purchasing an additional 167 shares during the period. O Brien Greene & Co. Inc boosted its position in shares of Unilever by 2.7% during the second quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock valued at $366,000 after buying an additional 174 shares during the period. Creative Financial Designs Inc. ADV grew its stake in shares of Unilever by 7.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,781 shares of the company’s stock valued at $181,000 after buying an additional 181 shares during the last quarter. Gallacher Capital Management LLC raised its holdings in shares of Unilever by 2.5% in the second quarter. Gallacher Capital Management LLC now owns 7,575 shares of the company’s stock worth $417,000 after buying an additional 182 shares during the period. Finally, Timber Creek Capital Management LLC lifted its stake in shares of Unilever by 0.5% during the 3rd quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company’s stock worth $2,568,000 after acquiring an additional 182 shares during the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Stock Up 0.1 %

Shares of UL stock traded up $0.03 on Thursday, hitting $56.73. The stock had a trading volume of 438,033 shares, compared to its average volume of 2,568,121. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The business has a 50 day moving average price of $58.95 and a 200 day moving average price of $60.33. The company has a market cap of $140.57 billion, a PE ratio of 17.09, a P/E/G ratio of 1.80 and a beta of 0.48.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were given a $0.4755 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Friday, November 8th. This is a boost from Unilever’s previous quarterly dividend of $0.35. Unilever’s dividend payout ratio is presently 56.63%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Unilever presently has an average rating of “Hold” and an average target price of $61.75.

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.