Unilever PLC (NYSE:UL) Stock Holdings Increased by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC lifted its position in Unilever PLC (NYSE:UL - Free Report) by 7,466.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 629,569 shares of the company's stock after acquiring an additional 621,248 shares during the quarter. Unilever accounts for approximately 1.5% of Icon Wealth Advisors LLC's investment portfolio, making the stock its 9th largest holding. Icon Wealth Advisors LLC's holdings in Unilever were worth $40,897,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. lifted its position in shares of Unilever by 423.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company's stock worth $29,000 after purchasing an additional 428 shares during the period. Abich Financial Wealth Management LLC boosted its position in Unilever by 393.5% during 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 in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Unilever during the 2nd quarter valued at $30,000. Webster Bank N. A. raised its position in shares of Unilever by 54.3% in the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company's stock worth $34,000 after acquiring an additional 217 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Unilever in the 3rd quarter worth $35,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Price Performance

Unilever stock traded up $0.98 during mid-day trading on Friday, reaching $58.61. 3,003,995 shares of the company traded hands, compared to its average volume of 2,594,294. The firm's fifty day moving average is $61.99 and its two-hundred day moving average is $59.51. The company has a market capitalization of $145.39 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 1.75 and a beta of 0.49. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be given a $0.4755 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.25%. This is an increase from Unilever's previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th. Unilever's dividend payout ratio is presently 55.95%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com downgraded Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Erste Group Bank restated a "hold" rating on shares of Unilever in a report on Tuesday. UBS Group upgraded shares of Unilever to a "strong sell" rating in a research note on Tuesday, July 30th. Finally, Bank of America upgraded shares of Unilever from an "underperform" rating to a "buy" rating and raised their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Unilever presently has a consensus rating of "Hold" and a consensus target price of $61.75.

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.