Stifel Financial Corp Sells 141,961 Shares of Unilever PLC (NYSE:UL)

Stifel Financial Corp reduced its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 24.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 439,054 shares of the company's stock after selling 141,961 shares during the period. Stifel Financial Corp's holdings in Unilever were worth $28,521,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC lifted its holdings in Unilever by 393.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company's stock worth $29,000 after purchasing an additional 425 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in Unilever in the 3rd quarter worth approximately $35,000. 1620 Investment Advisors Inc. purchased a new position in Unilever in the 2nd quarter worth approximately $30,000. Jamison Private Wealth Management Inc. lifted 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 purchasing an additional 405 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in Unilever in the 3rd quarter worth approximately $40,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Price Performance

Shares of Unilever stock traded down $0.20 during trading on Monday, hitting $58.84. The stock had a trading volume of 3,356,652 shares, compared to its average volume of 2,568,610. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The firm's fifty day simple moving average is $60.77 and its 200-day simple moving average is $60.03.

Unilever Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com cut Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. Erste Group Bank reaffirmed a "hold" rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, Bank of America raised Unilever from an "underperform" rating to a "buy" rating and lifted their price objective for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Unilever currently has a consensus rating of "Hold" and a consensus price target of $61.75.

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.