Unilever PLC (NYSE:UL) Stock Holdings Reduced by Assetmark Inc.

Assetmark Inc. cut its position in shares of Unilever PLC (NYSE:UL - Free Report) by 66.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,101 shares of the company's stock after selling 33,232 shares during the quarter. Assetmark Inc.'s holdings in Unilever were worth $1,111,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of UL. ST Germain D J Co. Inc. raised its holdings in Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company's stock valued at $29,000 after buying an additional 428 shares during the period. Abich Financial Wealth Management LLC raised its stake in shares of Unilever by 393.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company's stock valued at $29,000 after acquiring an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Unilever during the 3rd quarter valued at $35,000. 1620 Investment Advisors Inc. purchased a new stake in Unilever during the 2nd quarter worth $30,000. Finally, Jamison Private Wealth Management Inc. boosted its position in Unilever by 202.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company's stock worth $39,000 after purchasing an additional 405 shares during the period. Institutional investors and hedge funds own 9.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on UL. Bank of America raised shares of Unilever from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. UBS Group raised shares of Unilever to a "strong sell" rating in a research report on Tuesday, July 30th. StockNews.com lowered Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, TD Cowen started coverage on Unilever in a report on Tuesday, July 23rd. They issued a "buy" rating and a $67.00 price target for the company. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $61.75.

Unilever Stock Up 0.1 %

Shares of NYSE UL traded up $0.06 during midday trading on Friday, reaching $57.46. The company's stock had a trading volume of 1,212,733 shares, compared to its average volume of 2,583,986. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The company has a 50 day moving average price of $62.75 and a 200 day moving average price of $59.31.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be given a $0.4755 dividend. This is an increase from Unilever's previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, November 8th.

Unilever Company 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.