Anchor Investment Management LLC Sells 1,542 Shares of Unilever PLC (NYSE:UL)

Anchor Investment Management LLC decreased its stake in shares of Unilever PLC (NYSE:UL) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,874 shares of the company’s stock after selling 1,542 shares during the period. Anchor Investment Management LLC’s holdings in Unilever were worth $2,318,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in UL. Golden State Wealth Management LLC acquired a new stake in Unilever in the fourth quarter valued at $26,000. Financial Life Planners bought a new stake in Unilever in the 4th quarter valued at $28,000. VSM Wealth Advisory LLC bought a new position in Unilever during the 4th quarter worth $28,000. Roxbury Financial LLC bought a new stake in shares of Unilever in the fourth quarter valued at about $30,000. Finally, Mainstream Capital Management LLC acquired a new stake in Unilever in the 4th quarter worth about $31,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Trading Up 0.4 %

Shares of UL stock opened at $62.14 on Tuesday. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The firm has a market capitalization of $153.93 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 1.60 and a beta of 0.42. The firm has a fifty day simple moving average of $58.30 and a two-hundred day simple moving average of $58.79.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, February 28th were given a dividend of $0.4674 per share. The ex-dividend date was Friday, February 28th. This represents a $1.87 annualized dividend and a dividend yield of 3.01%. Unilever’s payout ratio is 53.01%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, DZ Bank raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.33.

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.