Unilever PLC (NYSE:UL) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. lessened its holdings in shares of Unilever PLC (NYSE:UL) by 29.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,690 shares of the company’s stock after selling 5,360 shares during the period. Bridges Investment Management Inc.’s holdings in Unilever were worth $824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UL. Mayflower Financial Advisors LLC lifted its position in shares of Unilever by 4.1% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock valued at $231,000 after acquiring an additional 167 shares during the period. O Brien Greene & Co. Inc boosted its position in Unilever by 2.7% during the second quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock worth $366,000 after purchasing an additional 174 shares in the last quarter. Crewe Advisors LLC grew its holdings in Unilever by 17.3% in the second quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock valued at $65,000 after purchasing an additional 175 shares during the last quarter. Bailard Inc. increased its position in shares of Unilever by 1.2% in the second quarter. Bailard Inc. now owns 15,014 shares of the company’s stock valued at $826,000 after buying an additional 179 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of Unilever by 7.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,781 shares of the company’s stock worth $181,000 after buying an additional 181 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Unilever Price Performance

Shares of UL opened at $59.00 on Friday. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The company’s 50 day simple moving average is $63.34 and its 200 day simple moving average is $59.08.

Unilever Increases Dividend

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

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.