Bryn Mawr Capital Management LLC Reduces Stake in Unilever PLC (NYSE:UL)

Bryn Mawr Capital Management LLC trimmed its stake in Unilever PLC (NYSE:UL) by 33.6% during the fourth quarter, Holdings Channel reports. The fund owned 5,793 shares of the company’s stock after selling 2,937 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Unilever were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in shares of Unilever during the 4th quarter valued at approximately $26,000. Financial Life Planners purchased a new stake in shares of Unilever during the 4th quarter valued at approximately $28,000. Roxbury Financial LLC purchased a new stake in shares of Unilever during the 4th quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Unilever during the 3rd quarter valued at approximately $35,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Unilever during the 3rd quarter valued at approximately $40,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Unilever Price Performance

Shares of NYSE:UL opened at $56.46 on Friday. The company’s fifty day moving average price is $56.60 and its 200-day moving average price is $59.96. Unilever PLC has a one year low of $46.46 and a one year high of $65.87.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $0.4674 dividend. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, February 28th.

Unilever Company 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.