Trajan Wealth LLC Has $3.93 Million Position in Unilever PLC (NYSE:UL)

Trajan Wealth LLC lifted its stake in shares of Unilever PLC (NYSE:UL) by 15.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,561 shares of the company’s stock after acquiring an additional 8,137 shares during the period. Trajan Wealth LLC’s holdings in Unilever were worth $3,934,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of Unilever by 26.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock valued at $241,145,000 after acquiring an additional 911,443 shares during the period. Lazard Asset Management LLC raised its holdings in Unilever by 19.3% during the first quarter. Lazard Asset Management LLC now owns 4,132,640 shares of the company’s stock worth $207,416,000 after buying an additional 668,913 shares during the last quarter. Equity Investment Corp raised its holdings in Unilever by 107.1% during the first quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock worth $146,091,000 after buying an additional 1,505,233 shares during the last quarter. Saratoga Research & Investment Management raised its holdings in Unilever by 0.8% during the second quarter. Saratoga Research & Investment Management now owns 2,767,207 shares of the company’s stock worth $152,169,000 after buying an additional 22,325 shares during the last quarter. Finally, Hamlin Capital Management LLC raised its holdings in Unilever by 7.9% during the third quarter. Hamlin Capital Management LLC now owns 2,667,380 shares of the company’s stock worth $173,273,000 after buying an additional 194,165 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Trading Down 0.4 %

Shares of UL stock opened at $62.29 on Wednesday. The firm has a 50-day moving average of $63.84 and a 200-day moving average of $58.49. Unilever PLC has a one year low of $46.46 and a one year high of $65.87.

Unilever Increases Dividend

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

Analyst Ratings Changes

UL has been the topic of several research reports. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. TD Cowen initiated coverage on shares of Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective on the stock. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Finally, UBS Group upgraded shares of 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 issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.