Unilever PLC (NYSE:UL) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,342,864 shares of the company's stock after selling 102,543 shares during the period. Raymond James & Associates owned approximately 0.09% of Unilever worth $152,192,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wedmont Private Capital acquired a new position in Unilever in the first quarter valued at $206,000. &PARTNERS acquired a new position in shares of Unilever in the 1st quarter valued at about $362,000. Opal Wealth Advisors LLC purchased a new stake in shares of Unilever during the 1st quarter worth about $164,000. Range Financial Group LLC increased its position in Unilever by 15.2% during the 1st quarter. Range Financial Group LLC now owns 10,409 shares of the company's stock worth $522,000 after purchasing an additional 1,372 shares in the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in Unilever during the 1st quarter worth approximately $3,312,000. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Stock Performance

UL stock traded up $0.07 during trading on Friday, reaching $62.95. The stock had a trading volume of 1,184,766 shares, compared to its average volume of 1,529,253. The firm has a fifty day moving average price of $63.71 and a 200 day moving average price of $57.80. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $65.87.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were paid a $0.4773 dividend. This is a boost from Unilever's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.91 annualized dividend and a dividend yield of 3.03%.

Wall Street Analyst Weigh In

UL has been the topic of a number of recent research reports. UBS Group raised shares of Unilever to a "strong sell" rating in a research report on Tuesday, July 30th. Bank of America upgraded shares of Unilever from an "underperform" rating to a "buy" rating and lifted their target price for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. TD Cowen began coverage on Unilever in a report on Tuesday, July 23rd. They issued a "buy" rating and a $67.00 price target for the company. Finally, StockNews.com upgraded Unilever from a "hold" rating to a "buy" rating in a research note on Friday, October 4th. Three investment 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, the company currently has an average rating of "Hold" and a consensus price target of $61.75.

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.