Unilever PLC (NYSE:UL) Shares Sold by QV Investors Inc.

QV Investors Inc. trimmed its holdings in Unilever PLC (NYSE:UL) by 21.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 310,264 shares of the company’s stock after selling 84,050 shares during the period. Unilever accounts for approximately 1.8% of QV Investors Inc.’s holdings, making the stock its 22nd largest holding. QV Investors Inc.’s holdings in Unilever were worth $20,155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UL. Red Tortoise LLC purchased a new position in Unilever in the first quarter valued at about $26,000. ST Germain D J Co. Inc. lifted its position in Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after acquiring an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC lifted its position in Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after acquiring an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in Unilever in the 2nd quarter worth approximately $30,000. Finally, Quent Capital LLC acquired a new stake in Unilever in the first quarter valued at approximately $28,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of NYSE:UL opened at $63.32 on Wednesday. The company’s fifty day moving average is $63.59 and its two-hundred day moving average is $57.51. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $65.87.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were paid a dividend of $0.4773 per share. The ex-dividend date was Friday, August 9th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.02%. This is a positive change from Unilever’s previous quarterly dividend of $0.46.

Analysts Set New Price Targets

Several research firms recently issued reports on UL. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. UBS Group raised Unilever to a “strong sell” rating in a report on Tuesday, July 30th. TD Cowen initiated 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, StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Unilever currently has a consensus rating of “Hold” and a consensus target price of $61.75.

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.