Moran Wealth Management LLC Has $5.74 Million Stock Holdings in Unilever PLC (NYSE:UL)

Moran Wealth Management LLC trimmed its position in Unilever PLC (NYSE:UL) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,239 shares of the company’s stock after selling 3,383 shares during the quarter. Moran Wealth Management LLC’s holdings in Unilever were worth $5,740,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Unilever during the 4th quarter worth $26,000. Financial Life Planners acquired a new stake in shares of Unilever during the 4th quarter worth $28,000. Roxbury Financial LLC acquired a new stake in shares of Unilever during the 4th quarter worth $30,000. Mainstream Capital Management LLC acquired a new stake in shares of Unilever during the 4th quarter worth $31,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Unilever during the 4th quarter worth $36,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Up 1.8 %

NYSE:UL opened at $60.29 on Tuesday. The firm has a market capitalization of $149.62 billion, a PE ratio of 17.28, a price-to-earnings-growth ratio of 1.60 and a beta of 0.47. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The stock’s 50-day simple moving average is $56.76 and its 200 day simple moving average is $59.80.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a $0.4674 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.87 annualized dividend and a yield of 3.10%. Unilever’s dividend payout ratio is presently 53.01%.

Analysts Set New Price Targets

UL has been the topic of several analyst reports. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Friday. Erste Group Bank reissued a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.33.

Unilever 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.