Barry Investment Advisors LLC Sells 109,119 Shares of Unilever PLC (NYSE:UL)

Barry Investment Advisors LLC cut its position in shares of Unilever PLC (NYSE:UL - Free Report) by 95.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,924 shares of the company's stock after selling 109,119 shares during the quarter. Barry Investment Advisors LLC's holdings in Unilever were worth $320,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of UL. Dimensional Fund Advisors LP lifted its position in shares of Unilever by 26.2% in the second 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 last quarter. Lazard Asset Management LLC lifted its holdings in Unilever by 19.3% during the 1st quarter. Lazard Asset Management LLC now owns 4,132,640 shares of the company's stock worth $207,416,000 after purchasing an additional 668,913 shares during the last quarter. Equity Investment Corp lifted its holdings in Unilever by 107.1% during the 1st quarter. Equity Investment Corp now owns 2,910,751 shares of the company's stock worth $146,091,000 after purchasing an additional 1,505,233 shares during the last quarter. Saratoga Research & Investment Management lifted its holdings in Unilever by 0.8% during the 2nd quarter. Saratoga Research & Investment Management now owns 2,767,207 shares of the company's stock worth $152,169,000 after purchasing an additional 22,325 shares during the last quarter. Finally, Hamlin Capital Management LLC lifted its holdings in Unilever by 7.9% during the 3rd quarter. Hamlin Capital Management LLC now owns 2,667,380 shares of the company's stock worth $173,273,000 after purchasing an additional 194,165 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Unilever Trading Down 0.4 %

UL stock traded down $0.25 during midday trading on Tuesday, reaching $62.29. 2,269,637 shares of the stock were exchanged, compared to its average volume of 2,615,664. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The company has a fifty day moving average price of $63.82 and a 200 day moving average price of $58.38.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.4755 per share. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Unilever's previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.05%.

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.