Bailard Inc. Has $644,000 Stake in Unilever PLC (NYSE:UL)

Bailard Inc. lessened its stake in shares of Unilever PLC (NYSE:UL) by 7.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,282 shares of the company’s stock after selling 1,051 shares during the period. Bailard Inc.’s holdings in Unilever were worth $644,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Citigroup Inc. lifted its position in shares of Unilever by 51.1% during the 3rd quarter. Citigroup Inc. now owns 672,859 shares of the company’s stock valued at $33,239,000 after acquiring an additional 227,681 shares during the period. Manning & Napier Group LLC lifted its position in shares of Unilever by 1.4% during the 4th quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock valued at $161,582,000 after acquiring an additional 47,256 shares during the period. International Assets Investment Management LLC lifted its position in shares of Unilever by 3,718.5% during the 4th quarter. International Assets Investment Management LLC now owns 171,641 shares of the company’s stock valued at $8,321,000 after acquiring an additional 167,146 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Unilever by 14.8% during the 4th 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 during the period. Finally, Deutsche Bank AG lifted its position in shares of Unilever by 3.4% during the 3rd quarter. Deutsche Bank AG now owns 47,772 shares of the company’s stock valued at $2,360,000 after acquiring an additional 1,589 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

UL opened at $51.24 on Friday. The company’s fifty day moving average price is $49.11 and its two-hundred day moving average price is $48.56. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $55.99.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $0.4556 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.82 annualized dividend and a dividend yield of 3.56%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Morgan Stanley downgraded shares of Unilever from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. StockNews.com downgraded shares of 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. Based on data from MarketBeat, the stock presently 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.