Lowe Brockenbrough & Co. Inc. reduced its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 23.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 141,900 shares of the company's stock after selling 42,977 shares during the quarter. Lowe Brockenbrough & Co. Inc.'s holdings in Unilever were worth $9,218,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake 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 worth $241,145,000 after buying an additional 911,443 shares during the last quarter. Lazard Asset Management LLC raised its position in Unilever by 19.3% during the first quarter. Lazard Asset Management LLC now owns 4,132,640 shares of the company's stock worth $207,416,000 after acquiring an additional 668,913 shares during the last quarter. Equity Investment Corp lifted its holdings in shares of Unilever by 107.1% in the first quarter. Equity Investment Corp now owns 2,910,751 shares of the company's stock valued at $146,091,000 after purchasing an additional 1,505,233 shares in the last quarter. Saratoga Research & Investment Management grew its position in shares of Unilever by 0.8% in the second quarter. Saratoga Research & Investment Management now owns 2,767,207 shares of the company's stock valued at $152,169,000 after purchasing an additional 22,325 shares during the last quarter. Finally, Hamlin Capital Management LLC grew its position in shares of Unilever by 7.9% in the third quarter. Hamlin Capital Management LLC now owns 2,667,380 shares of the company's stock valued at $173,273,000 after purchasing an additional 194,165 shares during the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on UL shares. Bank of America raised Unilever from an "underperform" rating to a "buy" rating and upped their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. 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, TD Cowen initiated coverage on shares of Unilever in a report on Tuesday, July 23rd. They issued a "buy" rating and a $67.00 target price on the stock. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $61.75.
Check Out Our Latest Analysis on Unilever
Unilever Stock Performance
NYSE UL traded up $0.41 during trading hours on Friday, hitting $61.32. 1,789,242 shares of the company's stock were exchanged, compared to its average volume of 1,564,322. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The business's 50 day moving average is $63.76 and its 200-day moving average is $58.71.
Unilever Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued a $0.4755 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.10%. This is an increase from Unilever's previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th.
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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