Clark Estates Inc. NY Has $15.27 Million Holdings in Unilever PLC (NYSE:UL)

Clark Estates Inc. NY cut its stake in Unilever PLC (NYSE:UL - Free Report) by 37.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 235,000 shares of the company's stock after selling 140,000 shares during the period. Unilever accounts for about 2.8% of Clark Estates Inc. NY's investment portfolio, making the stock its 7th biggest position. Clark Estates Inc. NY's holdings in Unilever were worth $15,266,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. ST Germain D J Co. Inc. raised its position in Unilever by 423.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company's stock worth $29,000 after purchasing an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of Unilever by 393.5% during the second 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. 1620 Investment Advisors Inc. bought a new position in Unilever in the second quarter valued at about $30,000. Webster Bank N. A. increased its position in Unilever by 54.3% in the second quarter. Webster Bank N. A. now owns 617 shares of the company's stock worth $34,000 after purchasing an additional 217 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever in the third quarter worth about $35,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Up 1.1 %

NYSE:UL traded up $0.64 during trading hours on Wednesday, hitting $59.74. The stock had a trading volume of 1,738,993 shares, compared to its average volume of 2,589,284. The business's 50 day moving average is $61.61 and its 200-day moving average is $59.73. Unilever PLC has a one year low of $46.46 and a one year high of $65.87.

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 $0.4755 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.18%. This is a boost from Unilever's previous quarterly dividend of $0.35.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UL. StockNews.com lowered shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Bank of America raised shares of Unilever from an "underperform" rating to a "buy" rating and raised their price objective for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Erste Group Bank reaffirmed a "hold" rating on shares of Unilever in a report on Tuesday, November 19th. Finally, UBS Group raised Unilever to a "strong sell" rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $61.75.

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.