Waldron Private Wealth LLC Grows Stock Holdings in Unilever PLC (NYSE:UL)

Waldron Private Wealth LLC raised its holdings in Unilever PLC (NYSE:UL) by 13.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,610 shares of the company’s stock after purchasing an additional 2,739 shares during the quarter. Waldron Private Wealth LLC’s holdings in Unilever were worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Eastern Bank acquired a new stake in shares of Unilever during the 3rd quarter valued at approximately $2,785,000. Signaturefd LLC lifted its position in shares of Unilever by 4.0% during the 3rd quarter. Signaturefd LLC now owns 40,351 shares of the company’s stock valued at $2,621,000 after acquiring an additional 1,535 shares during the period. Foundations Investment Advisors LLC lifted its position in shares of Unilever by 4.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 6,011 shares of the company’s stock valued at $390,000 after acquiring an additional 261 shares during the period. Community Financial Services Group LLC acquired a new stake in shares of Unilever during the 3rd quarter valued at approximately $229,000. Finally, Whittier Trust Co. lifted its position in shares of Unilever by 2.7% during the 3rd quarter. Whittier Trust Co. now owns 34,523 shares of the company’s stock valued at $2,242,000 after acquiring an additional 914 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UL shares. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and lifted their price target for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. TD Cowen began coverage on Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective for the company. Finally, UBS Group upgraded Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $61.75.

Unilever Stock Down 0.8 %

UL traded down $0.52 on Tuesday, hitting $61.78. The company had a trading volume of 1,432,264 shares, compared to its average volume of 2,625,198. The company’s fifty day moving average price is $63.75 and its 200 day moving average price is $57.89. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $65.87.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were given a $0.4773 dividend. This represents a $1.91 annualized dividend and a yield of 3.09%. This is a positive change from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, August 9th.

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.