Unilever PLC (NYSE:UL) Stock Position Raised by WCM Investment Management LLC

WCM Investment Management LLC raised its position in Unilever PLC (NYSE:UL - Free Report) by 236.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,520 shares of the company's stock after purchasing an additional 21,441 shares during the period. WCM Investment Management LLC's holdings in Unilever were worth $1,997,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. ST Germain D J Co. Inc. lifted its holdings 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 purchasing an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC boosted its position in shares of Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company's stock valued at $29,000 after buying an additional 425 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new position in Unilever during the third quarter valued at approximately $35,000. 1620 Investment Advisors Inc. bought a new position in shares of Unilever in the 2nd quarter worth $30,000. Finally, Jamison Private Wealth Management Inc. increased its holdings 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 buying an additional 405 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company's stock.

Unilever Trading Down 1.2 %

Shares of UL traded down $0.67 during trading hours on Tuesday, hitting $57.56. 2,919,293 shares of the stock traded hands, compared to its average volume of 2,596,567. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The business has a fifty day moving average of $63.21 and a 200-day moving average of $59.29.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a dividend of $0.4755 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Unilever's previous quarterly dividend of $0.35.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. TD Cowen assumed coverage on shares of Unilever in a research report on Tuesday, July 23rd. They set a "buy" rating and a $67.00 price target on the stock. UBS Group raised Unilever to a "strong sell" rating in a research report on Tuesday, July 30th. StockNews.com raised Unilever from a "hold" rating to a "buy" rating in a research report on Friday, October 4th. Finally, Bank of America upgraded Unilever from an "underperform" rating to a "buy" rating and upped their price objective 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, one has given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.