Quantinno Capital Management LP Purchases 18,224 Shares of Unilever PLC (NYSE:UL)

Quantinno Capital Management LP increased its stake in Unilever PLC (NYSE:UL - Free Report) by 19.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 111,444 shares of the company's stock after acquiring an additional 18,224 shares during the quarter. Quantinno Capital Management LP's holdings in Unilever were worth $7,239,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of UL. Abich Financial Wealth Management LLC grew its holdings in shares of Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company's stock valued at $29,000 after buying an additional 425 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever during the third quarter valued at $35,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Unilever in the second quarter worth about $30,000. Jamison Private Wealth Management Inc. lifted its position 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 last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Unilever in the third quarter worth about $40,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Trading Down 0.9 %

NYSE UL traded down $0.51 during trading hours on Friday, reaching $59.04. 1,757,800 shares of the company's stock were exchanged, compared to its average volume of 2,236,599. The firm has a fifty day moving average of $60.77 and a 200-day moving average of $59.98. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The stock has a market cap of $146.45 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.82 and a beta of 0.48.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were issued a dividend of $0.4755 per share. This is an increase from Unilever's previous quarterly dividend of $0.35. The ex-dividend date was Friday, November 8th. This represents a $1.90 annualized dividend and a yield of 3.22%. Unilever's dividend payout ratio is currently 56.29%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on UL shares. Bank of America raised Unilever from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. Erste Group Bank restated a "hold" rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, StockNews.com lowered 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 issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $61.75.

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.