41,080 Shares in Unilever PLC (NYSE:UL) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in shares of Unilever PLC (NYSE:UL - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 41,080 shares of the company's stock, valued at approximately $2,669,000.

Several other hedge funds and other institutional investors have also made changes to their positions in UL. ST Germain D J Co. Inc. boosted its position in Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company's stock worth $29,000 after acquiring an additional 428 shares during the period. Abich Financial Wealth Management LLC lifted its holdings in Unilever by 393.5% in the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company's stock worth $29,000 after purchasing an additional 425 shares during the period. 1620 Investment Advisors Inc. bought a new position in Unilever in the 2nd quarter valued at about $30,000. Webster Bank N. A. increased its stake in Unilever by 54.3% during the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company's stock valued at $34,000 after buying an additional 217 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Unilever during the 3rd quarter worth about $35,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Unilever Price Performance

UL traded up $0.64 during trading on Thursday, reaching $59.74. 1,781,232 shares of the stock traded hands, compared to its average volume of 2,589,468. The stock's 50-day simple moving average is $61.43 and its two-hundred day simple moving average is $59.73. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The business also recently declared 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. This represents a $1.90 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Unilever's previous quarterly dividend of $0.35.

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.