River Road Asset Management LLC trimmed its holdings in Unilever PLC (NYSE:UL - Free Report) by 14.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 548,011 shares of the company's stock after selling 93,220 shares during the quarter. River Road Asset Management LLC's holdings in Unilever were worth $35,599,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Unilever by 5.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,958 shares of the company's stock worth $2,608,000 after purchasing an additional 2,833 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Unilever in the 1st quarter worth approximately $55,000. Jennison Associates LLC raised its stake in shares of Unilever by 16.3% in the first quarter. Jennison Associates LLC now owns 192,856 shares of the company's stock valued at $9,679,000 after purchasing an additional 27,065 shares in the last quarter. United Community Bank lifted its position in Unilever by 19.9% in the first quarter. United Community Bank now owns 3,550 shares of the company's stock worth $178,000 after purchasing an additional 590 shares during the period. Finally, Chevy Chase Trust Holdings LLC boosted its stake in Unilever by 0.6% during the first quarter. Chevy Chase Trust Holdings LLC now owns 418,770 shares of the company's stock worth $21,018,000 after buying an additional 2,318 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.
Unilever Price Performance
Unilever stock traded up $0.35 on Tuesday, reaching $61.66. The company's stock had a trading volume of 1,169,006 shares, compared to its average volume of 2,595,712. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The business's fifty day moving average price is $63.67 and its 200 day moving average price is $59.00.
Unilever Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be given a dividend of $0.4755 per share. This is an increase from Unilever's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.90 annualized dividend and a yield of 3.08%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on UL shares. Bank of America upgraded shares of Unilever from an "underperform" rating to a "buy" rating and increased their price objective for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. TD Cowen assumed coverage on Unilever in a report on Tuesday, July 23rd. They set a "buy" rating and a $67.00 price objective on the stock. StockNews.com raised Unilever from a "hold" rating to a "buy" rating in a report on Friday, October 4th. Finally, UBS Group raised Unilever to a "strong sell" rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $61.75.
Check Out Our Latest Report on Unilever
About Unilever
(
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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