Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Unilever PLC (NYSE:UL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 171,384 shares of the company's stock, valued at approximately $11,133,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of UL. Price T Rowe Associates Inc. MD increased its stake in shares of Unilever by 23.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,141,878 shares of the company's stock valued at $57,312,000 after purchasing an additional 214,635 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Unilever by 16.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company's stock valued at $7,180,000 after buying an additional 15,941 shares in the last quarter. Bank of Montreal Can raised its stake in Unilever by 249.5% during the second quarter. Bank of Montreal Can now owns 1,748,329 shares of the company's stock valued at $98,204,000 after buying an additional 1,248,136 shares during the last quarter. Radnor Capital Management LLC purchased a new stake in shares of Unilever in the third quarter worth $1,388,000. Finally, WCM Investment Management LLC increased its holdings in shares of Unilever by 236.2% during the third quarter. WCM Investment Management LLC now owns 30,520 shares of the company's stock valued at $1,997,000 after acquiring an additional 21,441 shares in the last quarter. 9.67% of the stock is owned by institutional investors.
Unilever Price Performance
Shares of UL traded up $0.98 on Friday, reaching $58.61. The company's stock had a trading volume of 2,947,068 shares, compared to its average volume of 2,594,043. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The stock has a market capitalization of $145.39 billion, a P/E ratio of 17.44, a PEG ratio of 1.75 and a beta of 0.49. The stock's 50 day simple moving average is $61.99 and its two-hundred day simple moving average is $59.51.
Unilever Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a $0.4755 dividend. 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 3.25%. Unilever's dividend payout ratio is presently 55.95%.
Analysts Set New Price Targets
Several brokerages recently commented on UL. UBS Group raised shares of Unilever to a "strong sell" rating in a research report on Tuesday, July 30th. StockNews.com cut shares of Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Erste Group Bank reaffirmed a "hold" rating on shares of Unilever in a research report on Tuesday. Finally, Bank of America raised Unilever from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $61.75.
Check Out Our Latest 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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