Crossmark Global Holdings Inc. Boosts Holdings in Unilever PLC (NYSE:UL)

Crossmark Global Holdings Inc. raised its position in Unilever PLC (NYSE:UL - Free Report) by 51.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,870 shares of the company's stock after purchasing an additional 104,071 shares during the period. Crossmark Global Holdings Inc.'s holdings in Unilever were worth $19,869,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of UL. ST Germain D J Co. Inc. lifted its stake in shares of Unilever by 423.8% during 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 holdings in 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 last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Unilever during the 2nd quarter worth $30,000. Webster Bank N. A. boosted its holdings in shares of Unilever by 54.3% during 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 last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Unilever in the third quarter valued at $35,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Price Performance

Shares of Unilever stock traded down $0.13 during trading hours on Friday, hitting $59.00. The company's stock had a trading volume of 3,283,741 shares, compared to its average volume of 1,686,531. The business has a fifty day moving average of $63.34 and a 200 day moving average of $59.16. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.

Unilever Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, November 8th. This is a positive change from Unilever's previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.22%.

Analysts Set New Price Targets

Several research firms recently weighed in on UL. Bank of America upgraded Unilever from an "underperform" rating to a "buy" rating and increased 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. 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 for the company. Finally, StockNews.com upgraded shares of Unilever from a "hold" rating to a "buy" rating in a report on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $61.75.

Unilever 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.