Alpha Cubed Investments LLC Sells 47,636 Shares of Unilever PLC (NYSE:UL)

Alpha Cubed Investments LLC reduced its stake in shares of Unilever PLC (NYSE:UL) by 26.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 132,718 shares of the company’s stock after selling 47,636 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Unilever were worth $6,434,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UL. Citigroup Inc. boosted its stake in Unilever by 51.1% in the third quarter. Citigroup Inc. now owns 672,859 shares of the company’s stock valued at $33,239,000 after buying an additional 227,681 shares in the last quarter. Manning & Napier Group LLC increased its holdings in Unilever by 1.4% in the fourth quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock worth $161,582,000 after purchasing an additional 47,256 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Unilever by 3,718.5% in the fourth quarter. International Assets Investment Management LLC now owns 171,641 shares of the company’s stock worth $8,321,000 after purchasing an additional 167,146 shares in the last quarter. Jennison Associates LLC bought a new stake in Unilever in the fourth quarter worth approximately $8,038,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Unilever by 14.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 762,085 shares of the company’s stock valued at $36,946,000 after acquiring an additional 98,275 shares in the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Trading Up 0.7 %

Shares of NYSE:UL traded up $0.37 during mid-day trading on Tuesday, hitting $51.87. 3,005,628 shares of the company traded hands, compared to its average volume of 2,896,179. The stock has a market cap of $129.95 billion, a P/E ratio of 16.45, a P/E/G ratio of 3.68 and a beta of 0.45. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $55.77. The stock has a 50-day moving average price of $49.12 and a two-hundred day moving average price of $48.59.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a $0.4556 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.82 annualized dividend and a yield of 3.51%. Unilever’s dividend payout ratio is currently 57.83%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on UL shares. Morgan Stanley downgraded Unilever from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $52.00 to $48.00 in a report on Tuesday, February 27th. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $48.00.

About Unilever

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.