Boston Financial Mangement LLC trimmed its position in Unilever plc (NYSE:UL) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,684 shares of the company’s stock after selling 1,187 shares during the quarter. Boston Financial Mangement LLC’s holdings in Unilever were worth $3,303,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of UL. Advisors Preferred LLC purchased a new position in Unilever during the 3rd quarter valued at $122,000. Calton & Associates Inc. bought a new stake in shares of Unilever during the 4th quarter valued at $134,000. Fieldpoint Private Securities LLC bought a new stake in shares of Unilever during the 3rd quarter valued at $135,000. Duncker Streett & Co. Inc. bought a new stake in shares of Unilever during the 4th quarter valued at $152,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of Unilever during the 4th quarter valued at $174,000. 7.12% of the stock is currently owned by institutional investors.
UL has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Unilever from a “sell” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Wednesday, December 13th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a research note on Monday, December 18th. Finally, Argus started coverage on shares of Unilever in a research note on Friday, November 17th. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Unilever has a consensus rating of “Hold” and a consensus target price of $44.50.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Friday, February 16th will be given a $0.4452 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.78 dividend on an annualized basis and a yield of 3.34%.
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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