Mengis Capital Management Inc. Has $769,000 Stake in Unilever PLC (NYSE:UL)

Mengis Capital Management Inc. trimmed its holdings in shares of Unilever PLC (NYSE:UL) by 2.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,562 shares of the company’s stock after selling 300 shares during the period. Mengis Capital Management Inc.’s holdings in Unilever were worth $769,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of Unilever in the fourth quarter valued at about $26,000. Financial Life Planners acquired a new stake in shares of Unilever in the fourth quarter valued at about $28,000. Roxbury Financial LLC acquired a new stake in shares of Unilever in the fourth quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Unilever in the third quarter valued at about $35,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Unilever in the fourth quarter valued at about $36,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Unilever Price Performance

UL stock opened at $56.30 on Tuesday. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The business’s 50-day simple moving average is $56.73 and its 200 day simple moving average is $60.04.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.4674 per share. This represents a $1.87 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Friday, February 28th.

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.