Equity Investment Corp lowered its position in shares of Unilever PLC (NYSE:UL - Free Report) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,132,272 shares of the company's stock after selling 43,777 shares during the period. Unilever accounts for about 3.2% of Equity Investment Corp's holdings, making the stock its 9th biggest position. Equity Investment Corp owned 0.09% of Unilever worth $138,512,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of UL. Dimensional Fund Advisors LP grew its holdings in shares of Unilever by 26.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company's stock worth $241,145,000 after purchasing 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 1st quarter. Lazard Asset Management LLC now owns 4,132,640 shares of the company's stock worth $207,416,000 after buying an additional 668,913 shares during the last quarter. Saratoga Research & Investment Management raised its position in shares of Unilever by 0.8% during the 2nd quarter. Saratoga Research & Investment Management now owns 2,767,207 shares of the company's stock valued at $152,169,000 after buying an additional 22,325 shares in the last quarter. Hamlin Capital Management LLC lifted its holdings in shares of Unilever by 7.9% during the 3rd quarter. Hamlin Capital Management LLC now owns 2,667,380 shares of the company's stock worth $173,273,000 after acquiring an additional 194,165 shares during the last quarter. Finally, Fiera Capital Corp grew its position in Unilever by 1,866.0% in the second quarter. Fiera Capital Corp now owns 2,135,859 shares of the company's stock worth $117,451,000 after acquiring an additional 2,027,221 shares in the last quarter. Institutional investors own 9.67% of the company's stock.
Unilever Stock Up 0.9 %
Shares of NYSE UL traded up $0.51 during mid-day trading on Monday, hitting $57.91. The stock had a trading volume of 3,623,433 shares, compared to its average volume of 2,592,437. The business has a 50 day moving average price of $62.44 and a two-hundred day moving average price of $59.49. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87.
Unilever Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.4755 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.28%. This is an increase from Unilever's previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th.
Analysts Set New Price Targets
Several equities research analysts have issued reports on UL shares. TD Cowen assumed coverage on Unilever in a research note on Tuesday, July 23rd. They set a "buy" rating and a $67.00 price target for the company. UBS Group raised Unilever to a "strong sell" rating in a research note on Tuesday, July 30th. Bank of America upgraded shares of Unilever from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Finally, StockNews.com lowered shares of Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $61.75.
Get Our Latest Stock Analysis on UL
Unilever Company Profile
(
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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