Radnor Capital Management LLC Invests $1.39 Million in Unilever PLC (NYSE:UL)

Radnor Capital Management LLC bought a new position in shares of Unilever PLC (NYSE:UL - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,361 shares of the company's stock, valued at approximately $1,388,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UL. ST Germain D J Co. Inc. grew its position in shares of Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company's stock valued at $29,000 after acquiring an additional 428 shares during the period. Abich Financial Wealth Management LLC raised its stake in shares of Unilever by 393.5% in 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 during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Unilever during the 3rd quarter valued at $35,000. 1620 Investment Advisors Inc. bought a new position in shares of Unilever during the 2nd quarter worth $30,000. Finally, Jamison Private Wealth Management Inc. increased its holdings in Unilever by 202.5% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company's stock worth $39,000 after acquiring an additional 405 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Stock Up 0.5 %

UL stock traded up $0.29 during mid-day trading on Thursday, reaching $59.56. 931,965 shares of the company traded hands, compared to its average volume of 2,586,184. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The company has a fifty day moving average price of $63.56 and a 200-day moving average price of $59.00.

Unilever Increases Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Friday, November 8th. This is a positive change from Unilever's previous quarterly dividend of $0.35.

Wall Street Analyst Weigh In

UL has been the topic of a number of research reports. UBS Group upgraded Unilever to a "strong sell" rating in a research note on Tuesday, July 30th. TD Cowen initiated coverage on Unilever in a research note on Tuesday, July 23rd. They issued a "buy" rating and a $67.00 price objective on the stock. Bank of America upgraded Unilever from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Finally, StockNews.com upgraded Unilever from a "hold" rating to a "buy" rating in a research note on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Unilever presently has an average rating of "Hold" and an average price target of $61.75.

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.