ProVise Management Group LLC Sells 1,140 Shares of Unilever plc (UL)
ProVise Management Group LLC lowered its stake in Unilever plc (NYSE:UL) by 1.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 87,369 shares of the company’s stock after selling 1,140 shares during the quarter. ProVise Management Group LLC’s holdings in Unilever were worth $4,835,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of UL. Advisors Preferred LLC purchased a new stake in shares of Unilever in the 3rd quarter worth approximately $122,000. Calton & Associates Inc. purchased a new stake in Unilever during the 4th quarter valued at $134,000. Fieldpoint Private Securities LLC purchased a new stake in Unilever during the 3rd quarter valued at $135,000. Duncker Streett & Co. Inc. purchased a new stake in Unilever during the 4th quarter valued at $152,000. Finally, Global Trust Asset Management LLC purchased a new stake in Unilever during the 4th quarter valued at $174,000. Institutional investors own 7.12% of the company’s stock.
Several brokerages have commented on UL. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a research note on Monday, December 18th. Zacks Investment Research downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, Argus began coverage on Unilever in a research note on Friday, November 17th. They set a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $44.50.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Friday, February 16th will be issued a dividend of $0.4452 per share. This represents a $1.78 annualized dividend and a dividend yield of 3.34%. This is a boost from Unilever’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, February 15th.
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Unilever Company Profile
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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