Point72 Asset Management L.P. Purchases New Shares in Unilever PLC (NYSE:UL)

Point72 Asset Management L.P. bought a new position in Unilever PLC (NYSE:UL - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,000 shares of the company's stock, valued at approximately $1,364,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Unilever by 1.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 94,587 shares of the company's stock valued at $5,201,000 after purchasing an additional 1,289 shares during the last quarter. V Square Quantitative Management LLC increased its stake in Unilever by 3.6% in the 2nd quarter. V Square Quantitative Management LLC now owns 5,772 shares of the company's stock valued at $318,000 after buying an additional 198 shares during the last quarter. AdvisorNet Financial Inc lifted its position in Unilever by 9.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 5,033 shares of the company's stock worth $277,000 after buying an additional 417 shares in the last quarter. Archford Capital Strategies LLC acquired a new position in shares of Unilever during the 2nd quarter worth about $213,000. Finally, Welch Group LLC grew its holdings in shares of Unilever by 0.9% in the 2nd quarter. Welch Group LLC now owns 865,256 shares of the company's stock valued at $47,580,000 after acquiring an additional 7,480 shares in the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on UL. StockNews.com lowered Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Erste Group Bank reiterated a "hold" rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, Bank of America raised shares of Unilever from an "underperform" rating to a "buy" rating and raised their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Unilever presently has a consensus rating of "Hold" and an average target price of $61.75.

Unilever Stock Up 0.1 %

Shares of UL stock traded up $0.08 during trading on Wednesday, reaching $58.79. 2,400,196 shares of the company's stock were exchanged, compared to its average volume of 2,570,050. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The firm's fifty day moving average price is $60.53 and its 200-day moving average price is $60.09.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were issued a $0.4755 dividend. This is an increase from Unilever's previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Friday, November 8th.

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.