SGL Investment Advisors Inc. Makes New Investment in Unilever PLC (NYSE:UL)

SGL Investment Advisors Inc. purchased a new stake in shares of Unilever PLC (NYSE:UL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 54,851 shares of the company's stock, valued at approximately $3,563,000. Unilever makes up 1.8% of SGL Investment Advisors Inc.'s investment portfolio, making the stock its 28th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Abich Financial Wealth Management LLC increased its position 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 valued at $29,000 after acquiring an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Unilever in the third quarter valued at about $35,000. 1620 Investment Advisors Inc. purchased a new position in shares of Unilever in the second quarter worth about $30,000. Jamison Private Wealth Management Inc. lifted its holdings in shares of Unilever by 202.5% during the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company's stock worth $39,000 after purchasing an additional 405 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in Unilever in the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Trading Down 0.2 %

Shares of Unilever stock traded down $0.10 during trading hours on Monday, reaching $58.94. The stock had a trading volume of 2,255,590 shares, compared to its average volume of 2,563,708. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The stock's 50 day moving average is $60.77 and its 200 day moving average is $60.03.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were given a $0.4755 dividend. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from Unilever's previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.23%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UL. StockNews.com lowered shares of Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Erste Group Bank reissued a "hold" rating on shares of Unilever in a report on Tuesday, November 19th. Finally, Bank of America raised Unilever from an "underperform" rating to a "buy" rating and increased their price target for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. Three equities 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 company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price 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.