OLD National Bancorp IN Lowers Position in Unilever PLC (NYSE:UL)

OLD National Bancorp IN decreased its stake in shares of Unilever PLC (NYSE:UL) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,311 shares of the company’s stock after selling 885 shares during the quarter. OLD National Bancorp IN’s holdings in Unilever were worth $742,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in UL. Jones Financial Companies Lllp raised its stake in Unilever by 111.5% during the third quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock valued at $27,000 after buying an additional 291 shares during the last quarter. Life Planning Partners Inc purchased a new position in Unilever during the fourth quarter valued at $27,000. VisionPoint Advisory Group LLC raised its stake in Unilever by 215.1% during the third quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock valued at $29,000 after buying an additional 400 shares during the last quarter. Barrett & Company Inc. increased its holdings in shares of Unilever by 51.5% in the 3rd 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, Planned Solutions Inc. bought a new stake in shares of Unilever in the 4th quarter worth $44,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Unilever stock opened at $47.98 on Wednesday. The stock has a fifty day simple moving average of $49.12 and a two-hundred day simple moving average of $48.52. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $55.99.

Unilever Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were issued a $0.4582 dividend. This represents a $1.83 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Thursday, February 22nd.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley lowered Unilever from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $48.00.

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.