First Personal Financial Services Lowers Stock Holdings in Unilever PLC (NYSE:UL)

First Personal Financial Services reduced its stake in Unilever PLC (NYSE:UL - Free Report) by 19.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 143,496 shares of the company's stock after selling 33,802 shares during the period. Unilever makes up approximately 2.0% of First Personal Financial Services' portfolio, making the stock its 21st biggest position. First Personal Financial Services' holdings in Unilever were worth $9,321,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of UL. Oxbow Advisors LLC boosted its position in shares of Unilever by 0.6% during the third quarter. Oxbow Advisors LLC now owns 126,357 shares of the company's stock worth $8,208,000 after buying an additional 709 shares during the period. SpiderRock Advisors LLC lifted its position in shares of Unilever by 24.0% during the third quarter. SpiderRock Advisors LLC now owns 41,973 shares of the company's stock worth $2,727,000 after purchasing an additional 8,111 shares in the last quarter. Summit Global Investments acquired a new position in shares of Unilever in the third quarter valued at approximately $2,497,000. Confluence Investment Management LLC purchased a new stake in Unilever during the 3rd quarter worth approximately $853,000. Finally, Portside Wealth Group LLC lifted its holdings in Unilever by 3.5% during the 3rd quarter. Portside Wealth Group LLC now owns 45,361 shares of the company's stock worth $2,947,000 after buying an additional 1,526 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company's stock.

Wall Street Analyst Weigh In

UL has been the subject of a number of recent research reports. TD Cowen started coverage on Unilever in a report on Tuesday, July 23rd. They issued a "buy" rating and a $67.00 target price for the company. Bank of America upgraded shares of Unilever from an "underperform" rating to a "buy" rating and upped their target price for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. StockNews.com upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research note on Friday, October 4th. Finally, UBS Group raised shares of Unilever to a "strong sell" rating in a research report on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Unilever currently has an average rating of "Hold" and a consensus price target of $61.75.

Unilever Trading Down 0.2 %

Shares of NYSE UL traded down $0.13 during mid-day trading on Friday, reaching $59.00. The company had a trading volume of 3,283,741 shares, compared to its average volume of 1,686,531. The firm has a 50 day simple moving average of $63.34 and a two-hundred day simple moving average of $59.16. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be given a dividend of $0.4755 per share. The ex-dividend date is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.22%. This is a boost from Unilever's previous quarterly dividend of $0.35.

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.