Natixis Advisors LLC Cuts Position in Unilever PLC (NYSE:UL)

Natixis Advisors LLC decreased its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 11.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,300,637 shares of the company's stock after selling 161,647 shares during the period. Natixis Advisors LLC owned 0.05% of Unilever worth $84,489,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. ST Germain D J Co. Inc. increased its position in shares of Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company's stock valued at $29,000 after purchasing an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC increased its position in shares of Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company's stock valued at $29,000 after purchasing an additional 425 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in Unilever during the 2nd quarter worth approximately $30,000. Webster Bank N. A. grew its position in Unilever by 54.3% during the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company's stock worth $34,000 after acquiring an additional 217 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Unilever during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Price Performance

Shares of NYSE:UL remained flat at $57.40 during trading on Friday. The stock had a trading volume of 2,057,759 shares, compared to its average volume of 2,022,537. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The stock has a 50 day moving average price of $62.59 and a two-hundred day moving average price of $59.40.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be issued a $0.4755 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.31%. 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 analysts recently issued reports on the company. UBS Group upgraded Unilever to a "strong sell" rating in a research report on Tuesday, July 30th. TD Cowen initiated coverage on Unilever in a report on Tuesday, July 23rd. They issued a "buy" rating and a $67.00 price objective for the company. StockNews.com cut Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Finally, Bank of America upgraded Unilever from an "underperform" rating to a "buy" rating and increased their price objective for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Three investment 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. Based on data from MarketBeat.com, Unilever has an average rating of "Hold" and a consensus target price of $61.75.

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.