Boston Financial Mangement LLC Sells 840 Shares of Unilever PLC (NYSE:UL)

Boston Financial Mangement LLC lessened its stake in shares of Unilever PLC (NYSE:UL) by 15.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,611 shares of the company’s stock after selling 840 shares during the quarter. Boston Financial Mangement LLC’s holdings in Unilever were worth $300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Diversified Trust Co boosted its position in shares of Unilever by 23.3% in the 1st quarter. Diversified Trust Co now owns 5,754 shares of the company’s stock worth $289,000 after purchasing an additional 1,086 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Unilever by 27.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 969,267 shares of the company’s stock worth $48,648,000 after purchasing an additional 207,182 shares in the last quarter. Carret Asset Management LLC acquired a new stake in shares of Unilever in the 1st quarter worth $203,000. Retirement Guys Formula LLC boosted its position in shares of Unilever by 32.9% in the 1st quarter. Retirement Guys Formula LLC now owns 12,611 shares of the company’s stock worth $633,000 after purchasing an additional 3,123 shares in the last quarter. Finally, Mezzasalma Advisors LLC acquired a new stake in shares of Unilever in the 1st quarter worth $298,000. Institutional investors own 9.67% of the company’s stock.

Unilever Trading Down 0.4 %

NYSE UL opened at $62.29 on Wednesday. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The stock has a 50-day simple moving average of $63.84 and a two-hundred day simple moving average of $58.49.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be given a dividend of $0.4755 per share. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.05%.

Analysts Set New Price Targets

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

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.