Summit Global Investments Invests $2.50 Million in Unilever PLC (NYSE:UL)

Summit Global Investments acquired a new position in shares of Unilever PLC (NYSE:UL - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 38,439 shares of the company's stock, valued at approximately $2,497,000.

Other institutional investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. increased its position in shares of Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company's stock valued at $29,000 after buying an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC raised its position in Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company's stock worth $29,000 after acquiring an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in Unilever during the third quarter valued at $35,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Unilever during the second quarter worth about $30,000. Finally, Jamison Private Wealth Management Inc. raised its position in shares of Unilever by 202.5% during the 3rd 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 last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UL. StockNews.com upgraded shares of Unilever from a "hold" rating to a "buy" rating in a research report on Friday, October 4th. Bank of America upgraded Unilever from an "underperform" rating to a "buy" rating and upped their price target for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. TD Cowen assumed coverage on Unilever in a research note on Tuesday, July 23rd. They set a "buy" rating and a $67.00 price objective on the stock. Finally, UBS Group raised Unilever to a "strong sell" rating in a research note on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $61.75.

Unilever Stock Down 1.1 %

UL stock traded down $0.67 on Friday, hitting $58.94. The company's stock had a trading volume of 2,615,275 shares, compared to its average volume of 2,589,593. The firm has a 50 day moving average of $63.56 and a two-hundred day moving average of $59.00. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be issued a $0.4755 dividend. This is an increase from Unilever's previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th. This represents a $1.90 annualized dividend and a dividend yield of 3.23%.

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.