Claro Advisors LLC Purchases 2,005 Shares of Unilever PLC (NYSE:UL)

Claro Advisors LLC increased its holdings in Unilever PLC (NYSE:UL) by 27.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,180 shares of the company’s stock after buying an additional 2,005 shares during the period. Claro Advisors LLC’s holdings in Unilever were worth $596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GoalVest Advisory LLC increased its position in shares of Unilever by 3.6% during the third quarter. GoalVest Advisory LLC now owns 18,668 shares of the company’s stock valued at $1,213,000 after buying an additional 656 shares during the period. Coastline Trust Co bought a new stake in Unilever during the 3rd quarter worth approximately $48,000. Empowered Funds LLC boosted its holdings in Unilever by 14.2% in the 3rd quarter. Empowered Funds LLC now owns 42,405 shares of the company’s stock valued at $2,755,000 after purchasing an additional 5,263 shares during the period. OneDigital Investment Advisors LLC increased its holdings in shares of Unilever by 7.2% in the third quarter. OneDigital Investment Advisors LLC now owns 25,351 shares of the company’s stock worth $1,647,000 after purchasing an additional 1,713 shares during the period. Finally, Zions Bancorporation N.A. raised its position in shares of Unilever by 60.0% in the third quarter. Zions Bancorporation N.A. now owns 34,042 shares of the company’s stock worth $2,211,000 after buying an additional 12,763 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on UL shares. TD Cowen started coverage on Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target on the stock. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and raised their price objective for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, UBS Group upgraded Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $61.75.

Unilever Stock Performance

Shares of Unilever stock opened at $57.40 on Monday. The company’s 50 day moving average price is $62.59 and its 200-day moving average price is $59.45. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a $0.4755 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.31%.

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.