Unilever PLC (NYSE:UL) Shares Sold by LMR Partners LLP

LMR Partners LLP decreased its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 53.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 830,860 shares of the company's stock after selling 970,068 shares during the period. Unilever makes up approximately 0.4% of LMR Partners LLP's holdings, making the stock its 16th largest position. LMR Partners LLP's holdings in Unilever were worth $53,973,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. lifted its holdings in Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company's stock valued at $29,000 after acquiring an additional 428 shares during the period. Abich Financial Wealth Management LLC boosted its holdings in Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company's stock worth $29,000 after buying an additional 425 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in Unilever during the third quarter worth about $35,000. 1620 Investment Advisors Inc. purchased a new position in Unilever in the second quarter valued at about $30,000. Finally, Jamison Private Wealth Management Inc. lifted its position in shares of Unilever by 202.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company's stock valued at $39,000 after acquiring an additional 405 shares during the period. Hedge funds and other institutional investors own 9.67% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UL. StockNews.com cut Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. 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 research report on Thursday, August 22nd. TD Cowen started coverage on shares of Unilever in a report on Tuesday, July 23rd. They set a "buy" rating and a $67.00 target price for the company. Finally, UBS Group raised shares of Unilever to a "strong sell" rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $61.75.

Unilever Stock Performance

Shares of UL stock traded up $0.59 during mid-day trading on Monday, reaching $57.99. The company's stock had a trading volume of 2,580,130 shares, compared to its average volume of 2,587,103. The company's 50 day simple moving average is $62.59 and its 200-day simple moving average is $59.45. Unilever PLC has a 12-month low of $46.46 and a 12-month 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 paid a dividend of $0.4755 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Friday, November 8th. This is a boost from Unilever's previous quarterly dividend of $0.35.

About Unilever

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.