BIP Wealth LLC bought a new position in shares of Unilever PLC (NYSE:UL - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,867 shares of the company's stock, valued at approximately $901,000.
A number of other large investors have also modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in Unilever by 26.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company's stock valued at $241,145,000 after acquiring an additional 911,443 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Unilever by 19.3% in the first quarter. Lazard Asset Management LLC now owns 4,132,640 shares of the company's stock valued at $207,416,000 after purchasing an additional 668,913 shares during the last quarter. Saratoga Research & Investment Management lifted its position in Unilever by 0.8% during the second quarter. Saratoga Research & Investment Management now owns 2,767,207 shares of the company's stock worth $152,169,000 after buying an additional 22,325 shares in the last quarter. Hamlin Capital Management LLC boosted its stake in Unilever by 7.9% during the third quarter. Hamlin Capital Management LLC now owns 2,667,380 shares of the company's stock worth $173,273,000 after buying an additional 194,165 shares during the last quarter. Finally, Fiera Capital Corp grew its holdings in Unilever by 1,866.0% in the 2nd quarter. Fiera Capital Corp now owns 2,135,859 shares of the company's stock valued at $117,451,000 after buying an additional 2,027,221 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company's stock.
Unilever Trading Down 0.0 %
Shares of NYSE UL traded down $0.02 during trading on Tuesday, reaching $57.88. The stock had a trading volume of 1,055,349 shares, compared to its average volume of 2,585,577. The business's 50-day moving average price is $62.44 and its 200-day moving average price is $59.49. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.
Unilever Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be paid a $0.4755 dividend. This is an increase from Unilever's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.90 annualized dividend and a dividend yield of 3.29%.
Wall Street Analysts Forecast Growth
UL has been the topic of several recent research reports. Bank of America raised shares of Unilever from an "underperform" rating to a "buy" rating and boosted their price target for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. Erste Group Bank reissued a "hold" rating on shares of Unilever in a research note on Tuesday. TD Cowen started coverage on shares of Unilever in a research report on Tuesday, July 23rd. They set a "buy" rating and a $67.00 price target on the stock. UBS Group upgraded Unilever to a "strong sell" rating in a research report on Tuesday, July 30th. Finally, StockNews.com downgraded Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $61.75.
View Our Latest Stock 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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