Sage Rhino Capital LLC Has $407,000 Stock Holdings in Unilever PLC (NYSE:UL)

Sage Rhino Capital LLC cut its stake in Unilever PLC (NYSE:UL) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,404 shares of the company’s stock after selling 662 shares during the quarter. Sage Rhino Capital LLC’s holdings in Unilever were worth $407,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp increased its stake in shares of Unilever by 111.5% in the third quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock worth $27,000 after acquiring an additional 291 shares during the last quarter. Life Planning Partners Inc bought a new stake in Unilever in the fourth quarter worth $27,000. VisionPoint Advisory Group LLC boosted its holdings in Unilever by 215.1% in the third quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after purchasing an additional 400 shares in the last quarter. Barrett & Company Inc. boosted its holdings in Unilever by 51.5% in the third quarter. Barrett & Company Inc. now owns 606 shares of the company’s stock worth $30,000 after purchasing an additional 206 shares in the last quarter. Finally, Evolution Advisers Inc. bought a new stake in Unilever in the fourth quarter worth $34,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Unilever Price Performance

Shares of NYSE UL traded up $0.37 during mid-day trading on Tuesday, hitting $51.87. The company had a trading volume of 3,005,628 shares, compared to its average volume of 2,896,179. The business’s 50-day simple moving average is $49.12 and its 200-day simple moving average is $48.59. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $55.77. The firm has a market cap of $129.95 billion, a P/E ratio of 16.45, a PEG ratio of 3.68 and a beta of 0.45.

Unilever Cuts Dividend

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

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.