American Capital Advisory LLC Raises Stock Position in Unilever PLC (NYSE:UL)

American Capital Advisory LLC boosted its stake in shares of Unilever PLC (NYSE:UL) by 2,122.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,446 shares of the company’s stock after acquiring an additional 22,391 shares during the quarter. Unilever comprises about 0.9% of American Capital Advisory LLC’s investment portfolio, making the stock its 26th biggest position. American Capital Advisory LLC’s holdings in Unilever were worth $1,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UL. ST Germain D J Co. Inc. raised its position in Unilever by 423.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after purchasing an additional 428 shares during the period. Abich Financial Wealth Management LLC raised its holdings in shares of Unilever by 393.5% in the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after buying an additional 425 shares during the period. 1620 Investment Advisors Inc. bought a new stake in shares of Unilever during the 2nd quarter worth approximately $30,000. Webster Bank N. A. boosted its holdings in Unilever by 54.3% during the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company’s stock valued at $34,000 after acquiring an additional 217 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in Unilever in the 3rd quarter valued at $35,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UL. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and raised their price target for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. TD Cowen started coverage on Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective on the stock. 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 issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Trading Down 3.4 %

Shares of NYSE:UL traded down $2.11 on Wednesday, reaching $59.55. The company had a trading volume of 734,907 shares, compared to its average volume of 2,586,172. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The firm’s 50 day simple moving average is $63.67 and its 200-day simple moving average is $59.00.

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 issued a $0.4755 dividend. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a yield of 3.19%.

Unilever Company 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.