Atria Investments Inc cut its holdings in Unilever PLC (NYSE:UL - Free Report) by 20.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,632 shares of the company's stock after selling 13,027 shares during the period. Atria Investments Inc's holdings in Unilever were worth $3,289,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC bought a new stake in shares of Unilever in the 1st quarter valued at about $684,000. Orion Portfolio Solutions LLC raised its position in Unilever by 12.6% in the 1st quarter. Orion Portfolio Solutions LLC now owns 153,137 shares of the company's stock valued at $7,686,000 after purchasing an additional 17,094 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of Unilever by 1.4% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 20,154 shares of the company's stock worth $1,012,000 after purchasing an additional 282 shares in the last quarter. Motco boosted its holdings in shares of Unilever by 1.5% in the first quarter. Motco now owns 97,880 shares of the company's stock valued at $4,913,000 after acquiring an additional 1,404 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC raised its stake in shares of Unilever by 49.6% during the 1st quarter. Pinkerton Retirement Specialists LLC now owns 74,981 shares of the company's stock worth $3,763,000 after buying an additional 24,845 shares during the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.
Unilever Stock Up 0.0 %
Shares of NYSE:UL traded up $0.02 during midday trading on Thursday, reaching $57.40. The company's stock had a trading volume of 2,048,495 shares, compared to its average volume of 2,590,191. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The business has a 50 day moving average price of $62.91 and a 200 day moving average price of $59.32. The firm has a market cap of $142.90 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 1.74 and a beta of 0.49.
Unilever Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be given a dividend of $0.4755 per share. This is a boost from Unilever's previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a yield of 3.31%. Unilever's dividend payout ratio (DPR) is presently 55.62%.
Wall Street Analysts Forecast Growth
Several research firms have commented on UL. TD Cowen started coverage on shares of Unilever in a research note on Tuesday, July 23rd. They set a "buy" rating and a $67.00 target price on the stock. UBS Group raised Unilever to a "strong sell" rating in a research note on Tuesday, July 30th. Bank of America raised 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 report on Thursday, August 22nd. Finally, StockNews.com cut shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday. Three research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $61.75.
View Our Latest Research Report on UL
About Unilever
(
Free Report)
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.
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