Larson Financial Group LLC Purchases 16,679 Shares of Unilever PLC (NYSE:UL)

Larson Financial Group LLC raised its holdings in Unilever PLC (NYSE:UL - Free Report) by 823.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 18,704 shares of the company's stock after acquiring an additional 16,679 shares during the quarter. Larson Financial Group LLC's holdings in Unilever were worth $1,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UL. Dimensional Fund Advisors LP increased its position in shares of Unilever by 26.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company's stock worth $241,145,000 after buying an additional 911,443 shares during the period. Saratoga Research & Investment Management increased its position in shares of Unilever by 0.8% during the second quarter. Saratoga Research & Investment Management now owns 2,767,207 shares of the company's stock worth $152,169,000 after buying an additional 22,325 shares during the period. Hamlin Capital Management LLC increased its position in shares of Unilever by 7.9% during the third quarter. Hamlin Capital Management LLC now owns 2,667,380 shares of the company's stock worth $173,273,000 after buying an additional 194,165 shares during the period. Fiera Capital Corp increased its position in shares of Unilever by 1,866.0% during the second quarter. Fiera Capital Corp now owns 2,135,859 shares of the company's stock worth $117,451,000 after buying an additional 2,027,221 shares during the period. Finally, Jennison Associates LLC increased its position in shares of Unilever by 981.6% during the third quarter. Jennison Associates LLC now owns 2,076,169 shares of the company's stock worth $134,868,000 after buying an additional 1,884,216 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on UL shares. Bank of America raised shares of Unilever from an "underperform" rating to a "buy" rating and increased their target price for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. Erste Group Bank reissued a "hold" rating on shares of Unilever in a research note on Tuesday, November 19th. UBS Group raised shares of Unilever to a "strong sell" rating in a research note on Tuesday, July 30th. Finally, StockNews.com lowered shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Unilever presently has a consensus rating of "Hold" and a consensus target price of $61.75.

Unilever Stock Up 0.3 %

Shares of Unilever stock traded up $0.17 during trading hours on Monday, reaching $58.78. The company's stock had a trading volume of 2,773,109 shares, compared to its average volume of 2,593,468. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The stock's fifty day simple moving average is $61.73 and its two-hundred day simple moving average is $59.69.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be paid a $0.4755 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.24%. This is a positive change from Unilever's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, November 8th.

Unilever 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.