Arvest Bank Trust Division Makes New $2.76 Million Investment in Unilever PLC (NYSE:UL)

Arvest Bank Trust Division acquired a new position in shares of Unilever PLC (NYSE:UL - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 42,419 shares of the company's stock, valued at approximately $2,756,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC increased its stake in Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company's stock worth $29,000 after purchasing an additional 425 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in Unilever during the 2nd quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever during the 3rd quarter worth approximately $35,000. Jamison Private Wealth Management Inc. boosted its position in Unilever by 202.5% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company's stock valued at $39,000 after buying an additional 405 shares during the period. Finally, Brooklyn Investment Group purchased a new position in Unilever in the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Trading Down 0.1 %

Shares of NYSE:UL traded down $0.07 on Thursday, hitting $58.71. 2,295,181 shares of the company's stock were exchanged, compared to its average volume of 2,570,158. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The firm's 50-day moving average is $60.42 and its 200 day moving average is $60.08.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were issued a $0.4755 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.24%. This is an increase from Unilever's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, November 8th.

Analyst Ratings Changes

UL has been the topic of several analyst reports. Erste Group Bank reiterated a "hold" rating on shares of Unilever in a research note on Tuesday, November 19th. Bank of America upgraded Unilever from an "underperform" rating to a "buy" rating and lifted their price objective for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Finally, StockNews.com lowered shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price 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.