Unilever PLC (NYSE:UL) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 28.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,014,260 shares of the company's stock after selling 10,054,325 shares during the period. Wellington Management Group LLP owned 1.00% of Unilever worth $1,624,926,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fiera Capital Corp increased its stake in 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 acquiring an additional 2,027,221 shares during the last quarter. Jennison Associates LLC increased its position in shares of Unilever by 981.6% during the 3rd quarter. Jennison Associates LLC now owns 2,076,169 shares of the company's stock worth $134,868,000 after purchasing an additional 1,884,216 shares during the last quarter. Bank of Montreal Can raised its holdings in Unilever by 249.5% in the 2nd quarter. Bank of Montreal Can now owns 1,748,329 shares of the company's stock valued at $98,204,000 after buying an additional 1,248,136 shares during the period. Clearbridge Investments LLC lifted its position in Unilever by 598.7% in the second quarter. Clearbridge Investments LLC now owns 1,301,239 shares of the company's stock valued at $71,555,000 after buying an additional 1,114,992 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in Unilever by 7.1% during the third quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company's stock worth $1,086,547,000 after buying an additional 1,114,177 shares during the period. Institutional investors and hedge funds own 9.67% of the company's stock.

Analyst Upgrades and Downgrades

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

Unilever Stock Down 0.9 %

Shares of NYSE UL traded down $0.51 during mid-day trading on Friday, hitting $59.04. The company had a trading volume of 1,757,800 shares, compared to its average volume of 2,236,599. The business's 50-day simple moving average is $60.90 and its 200 day simple moving average is $59.91. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were given a $0.4755 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a yield of 3.22%. This is a positive change from Unilever's previous quarterly dividend of $0.35.

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.