QV Investors Inc. Cuts Stock Holdings in Unilever PLC (NYSE:UL)

QV Investors Inc. lessened its holdings in Unilever PLC (NYSE:UL - Free Report) by 21.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 310,264 shares of the company's stock after selling 84,050 shares during the quarter. Unilever accounts for about 1.8% of QV Investors Inc.'s holdings, making the stock its 22nd biggest position. QV Investors Inc.'s holdings in Unilever were worth $20,155,000 at the end of the most recent quarter.

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Several other institutional investors and hedge funds also recently added to or reduced their stakes in UL. Mayflower Financial Advisors LLC grew its holdings in Unilever by 4.1% during the second quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company's stock worth $231,000 after acquiring an additional 167 shares during the period. O Brien Greene & Co. Inc grew its stake in shares of Unilever by 2.7% during the 2nd quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company's stock worth $366,000 after purchasing an additional 174 shares during the period. Crewe Advisors LLC increased its holdings in shares of Unilever by 17.3% in the 2nd quarter. Crewe Advisors LLC now owns 1,186 shares of the company's stock valued at $65,000 after purchasing an additional 175 shares in the last quarter. Bailard Inc. lifted its stake in shares of Unilever by 1.2% in the second quarter. Bailard Inc. now owns 15,014 shares of the company's stock valued at $826,000 after purchasing an additional 179 shares during the period. Finally, Gallacher Capital Management LLC boosted its holdings in Unilever by 2.5% during the second quarter. Gallacher Capital Management LLC now owns 7,575 shares of the company's stock worth $417,000 after buying an additional 182 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

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Unilever Stock Performance

Shares of NYSE UL traded down $0.14 during trading on Wednesday, reaching $63.18. The company had a trading volume of 1,296,323 shares, compared to its average volume of 2,650,215. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $65.87. The stock has a 50-day moving average price of $63.59 and a two-hundred day moving average price of $57.51.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were issued a $0.4773 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 3.02%. This is a positive change from Unilever's previous quarterly dividend of $0.46. The ex-dividend date was Friday, August 9th.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on UL

Unilever 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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