Unilever PLC (NYSE:UL) Shares Purchased by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. grew its holdings in shares of Unilever PLC (NYSE:UL) by 13.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,532 shares of the company’s stock after purchasing an additional 530 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Unilever were worth $294,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC acquired a new position in shares of Unilever during the first quarter valued at $684,000. Price T Rowe Associates Inc. MD boosted its stake in Unilever by 23.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,141,878 shares of the company’s stock valued at $57,312,000 after buying an additional 214,635 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Unilever by 16.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock valued at $7,180,000 after buying an additional 15,941 shares in the last quarter. Bank of Montreal Can boosted its stake in Unilever by 249.5% during the second quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock valued at $98,204,000 after buying an additional 1,248,136 shares in the last quarter. Finally, Radnor Capital Management LLC bought a new position in Unilever during the third quarter valued at about $1,388,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Down 0.2 %

Shares of UL traded down $0.13 during midday trading on Friday, reaching $59.00. 3,283,741 shares of the stock were exchanged, compared to its average volume of 1,686,531. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The firm has a 50 day simple moving average of $63.34 and a 200-day simple moving average of $59.08.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.4755 per share. The ex-dividend date 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 dividend yield of 3.22%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on UL shares. TD Cowen started coverage on Unilever in a research note on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price for the company. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and raised their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Finally, UBS Group raised Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $61.75.

Unilever 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.