Arlington Partners LLC Grows Stock Holdings in Unilever PLC (NYSE:UL)

Arlington Partners LLC increased its stake in Unilever PLC (NYSE:UL - Free Report) by 15.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 69,149 shares of the company's stock after buying an additional 9,270 shares during the period. Unilever accounts for about 1.8% of Arlington Partners LLC's holdings, making the stock its 12th largest holding. Arlington Partners LLC's holdings in Unilever were worth $4,492,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiera Capital Corp lifted its holdings in shares of Unilever by 1,866.0% during the 2nd quarter. Fiera Capital Corp now owns 2,135,859 shares of the company's stock valued at $117,451,000 after buying an additional 2,027,221 shares during the period. Equity Investment Corp lifted its holdings in shares of Unilever by 107.1% during the 1st quarter. Equity Investment Corp now owns 2,910,751 shares of the company's stock valued at $146,091,000 after buying an additional 1,505,233 shares during the period. Bank of Montreal Can lifted its holdings in shares of Unilever by 249.5% during the 2nd quarter. Bank of Montreal Can now owns 1,748,329 shares of the company's stock valued at $98,204,000 after buying an additional 1,248,136 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Unilever by 598.7% during the 2nd quarter. Clearbridge Investments LLC now owns 1,301,239 shares of the company's stock valued at $71,555,000 after buying an additional 1,114,992 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Unilever by 26.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company's stock valued at $241,145,000 after buying an additional 911,443 shares during the period. Hedge funds and other institutional investors own 9.67% of the company's stock.

Wall Street Analysts Forecast Growth

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

Unilever Trading Down 1.0 %

UL traded down $0.64 on Monday, hitting $62.31. The company had a trading volume of 941,231 shares, compared to its average volume of 2,631,075. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $65.87. The business's fifty day simple moving average is $63.71 and its 200 day simple moving average is $57.80.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were given a dividend of $0.4773 per share. This represents a $1.91 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend was Friday, August 9th. This is a positive change from Unilever's previous quarterly dividend of $0.46.

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.