Parallax Volatility Advisers L.P. Takes $3.61 Million Position in Unilever PLC (NYSE:UL)

Parallax Volatility Advisers L.P. purchased a new stake in Unilever PLC (NYSE:UL - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 55,630 shares of the company's stock, valued at approximately $3,614,000.

Other large investors also recently made changes to their positions in the company. Abich Financial Wealth Management LLC grew its holdings in shares of Unilever by 393.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company's stock worth $29,000 after acquiring an additional 425 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Unilever during the 2nd quarter worth about $30,000. Webster Bank N. A. lifted its stake in Unilever by 54.3% during the second quarter. Webster Bank N. A. now owns 617 shares of the company's stock valued at $34,000 after buying an additional 217 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Unilever in the third quarter worth about $35,000. Finally, Jamison Private Wealth Management Inc. boosted its holdings in shares of Unilever by 202.5% in the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company's stock worth $39,000 after buying an additional 405 shares during the period. Institutional investors own 9.67% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on UL shares. StockNews.com lowered shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. 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 research report on Thursday, August 22nd. Finally, Erste Group Bank reissued a "hold" rating on shares of Unilever in a research report on Tuesday, November 19th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $61.75.

Unilever Price Performance

UL traded up $0.18 during trading on Thursday, reaching $59.55. 1,230,712 shares of the stock traded hands, compared to its average volume of 2,568,707. The stock's 50-day simple moving average is $60.90 and its two-hundred day simple moving average is $59.91. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.4755 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.19%. This is a positive change from Unilever's previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th.

About Unilever

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.