Sky Investment Group LLC Sells 2,000 Shares of Unilever PLC (NYSE:UL)

Sky Investment Group LLC decreased its holdings in Unilever PLC (NYSE:UL) by 24.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,190 shares of the company’s stock after selling 2,000 shares during the period. Sky Investment Group LLC’s holdings in Unilever were worth $351,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UL. Jennison Associates LLC increased its holdings 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 acquiring an additional 1,884,216 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Unilever by 249.5% in the second quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock valued at $98,204,000 after purchasing an additional 1,248,136 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Unilever by 598.7% in the second quarter. Clearbridge Investments LLC now owns 1,301,239 shares of the company’s stock valued at $71,555,000 after purchasing an additional 1,114,992 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Unilever by 7.1% during the 3rd quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock worth $1,086,547,000 after buying an additional 1,114,177 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of Unilever by 493.4% during the 3rd quarter. Citigroup Inc. now owns 1,105,064 shares of the company’s stock worth $71,785,000 after buying an additional 918,841 shares during the period. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

UL opened at $55.68 on Tuesday. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The business’s fifty day moving average is $57.62 and its 200-day moving average is $60.36.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were issued a $0.4755 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Friday, November 8th.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on UL shares. Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Finally, StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Unilever currently has a consensus rating of “Hold” and an average target price of $61.75.

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.