Bryn Mawr Capital Management LLC Sells 6,197 Shares of Unilever PLC (NYSE:UL)

Bryn Mawr Capital Management LLC lowered its position in Unilever PLC (NYSE:UL) by 71.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,533 shares of the company’s stock after selling 6,197 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Unilever were worth $144,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Stonegate Investment Group LLC boosted its holdings in Unilever by 155.2% in the 4th quarter. Stonegate Investment Group LLC now owns 8,415 shares of the company’s stock worth $477,000 after buying an additional 5,117 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Unilever by 16.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock worth $7,180,000 after buying an additional 15,941 shares during the period. Verition Fund Management LLC bought a new position in Unilever in the 3rd quarter worth $11,694,000. WCM Investment Management LLC boosted its holdings in Unilever by 236.2% in the 3rd quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock worth $1,997,000 after buying an additional 21,441 shares during the period. Finally, Radnor Capital Management LLC purchased a new stake in Unilever in the 3rd quarter worth $1,388,000. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

Shares of NYSE UL opened at $56.14 on Friday. The firm’s 50-day moving average price is $56.79 and its 200-day moving average price is $60.09. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $0.4674 per share. This represents a $1.87 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Friday, February 28th.

Analyst Upgrades and Downgrades

Several analysts have commented on UL shares. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Tuesday, February 18th. Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. DZ Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Royal Bank of Canada cut shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $61.75.

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.