Boston Financial Mangement LLC Trims Stake in Unilever PLC (NYSE:UL)

Posted by Defense World Staff on Apr 10th, 2023

Boston Financial Mangement LLC lessened its holdings in Unilever PLC (NYSE:UL – Get Rating) by 29.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,002 shares of the company’s stock after selling 2,942 shares during the period. Boston Financial Mangement LLC’s holdings in Unilever were worth $353,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. MinichMacGregor Wealth Management LLC purchased a new stake in shares of Unilever in the 4th quarter valued at about $29,000. Godsey & Gibb Inc. bought a new position in shares of Unilever in the fourth quarter worth approximately $30,000. McIlrath & Eck LLC raised its stake in Unilever by 69.8% in the third quarter. McIlrath & Eck LLC now owns 608 shares of the company’s stock valued at $27,000 after purchasing an additional 250 shares in the last quarter. Covestor Ltd lifted its position in Unilever by 204.6% during the first quarter. Covestor Ltd now owns 667 shares of the company’s stock valued at $30,000 after purchasing an additional 448 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new position in Unilever in the 3rd quarter worth approximately $37,000. Institutional investors own 10.06% of the company’s stock.

Unilever Price Performance

NYSE UL opened at $53.58 on Monday. Unilever PLC has a 1-year low of $42.44 and a 1-year high of $53.77. The stock has a 50-day moving average of $50.72 and a 200-day moving average of $48.99.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 21st. Stockholders of record on Friday, February 24th were issued a $0.4569 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a $1.83 annualized dividend and a dividend yield of 3.41%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Sanford C. Bernstein cut Unilever from a “market perform” rating to an “underperform” rating in a research note on Tuesday, January 17th. StockNews.com cut Unilever from a “strong-buy” rating to a “buy” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $46.00.

Unilever Profile

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Unilever Plc engages in the manufacture and sale of consumer goods. It operates through the following segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment offers hair care, skin care, and prestige beauty and health & wellbeing. The Personal Care segment consists of sales of skin cleansing, deodorant, and oral care products.