MML Investors Services LLC Sells 19,934 Shares of Unilever PLC (NYSE:UL)

MML Investors Services LLC decreased its holdings in Unilever PLC (NYSE:UL - Free Report) by 8.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 212,242 shares of the company's stock after selling 19,934 shares during the quarter. MML Investors Services LLC's holdings in Unilever were worth $13,787,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Unilever by 16.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company's stock valued at $7,180,000 after purchasing an additional 15,941 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Unilever during the third quarter worth $11,694,000. Bank of Montreal Can boosted its position in shares of Unilever by 249.5% during the second quarter. Bank of Montreal Can now owns 1,748,329 shares of the company's stock worth $98,204,000 after buying an additional 1,248,136 shares during the period. WCM Investment Management LLC lifted its stake in Unilever by 236.2% in the 3rd 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. Finally, Radnor Capital Management LLC acquired a new stake in shares of Unilever in the third quarter valued at approximately $1,388,000. 9.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on UL shares. Erste Group Bank restated a "hold" rating on shares of Unilever in a research note on Tuesday, November 19th. StockNews.com lowered shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Bank of America upgraded Unilever from an "underperform" rating to a "buy" rating and lifted their price target for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Unilever has an average rating of "Hold" and a consensus target price of $61.75.

Unilever Stock Up 0.1 %

Shares of UL traded up $0.08 during midday trading on Wednesday, reaching $58.79. 2,400,196 shares of the stock were exchanged, compared to its average volume of 2,570,050. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The stock's 50 day simple moving average is $60.53 and its 200 day simple moving average is $60.09.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were paid a $0.4755 dividend. This is a boost from Unilever's previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Friday, November 8th.

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.