180,026 Shares in Unilever PLC (NYSE:UL) Bought by Verition Fund Management LLC

Verition Fund Management LLC purchased a new position in shares of Unilever PLC (NYSE:UL - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 180,026 shares of the company's stock, valued at approximately $11,694,000.

Other large investors also recently modified their holdings of the company. ST Germain D J Co. Inc. increased its holdings in Unilever by 423.8% during the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company's stock worth $29,000 after buying an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC increased its stake in shares of Unilever by 393.5% during 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 during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Unilever during the 3rd quarter worth about $35,000. 1620 Investment Advisors Inc. bought a new stake in shares of Unilever in the 2nd quarter valued at about $30,000. Finally, Jamison Private Wealth Management Inc. lifted its stake in Unilever by 202.5% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company's stock valued at $39,000 after purchasing an additional 405 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UL. Erste Group Bank reissued a "hold" rating on shares of Unilever in a research report on Tuesday, November 19th. StockNews.com cut Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Bank of America raised shares of 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 report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $61.75.

Unilever Stock Performance

NYSE UL traded up $0.10 on Friday, reaching $59.84. The stock had a trading volume of 1,233,415 shares, compared to its average volume of 2,223,253. The firm has a fifty day moving average of $61.34 and a two-hundred day moving average of $59.84. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be paid a $0.4755 dividend. The ex-dividend date is Friday, November 8th. This is an increase from Unilever's previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a dividend yield of 3.18%.

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.