Fiduciary Trust Co Purchases 1,185 Shares of Unilever PLC (NYSE:UL)

Fiduciary Trust Co lifted its stake in Unilever PLC (NYSE:UL) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,004 shares of the company’s stock after purchasing an additional 1,185 shares during the period. Fiduciary Trust Co’s holdings in Unilever were worth $2,858,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of UL. ST Germain D J Co. Inc. lifted its position in shares of 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 lifted its position in shares of Unilever by 393.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after purchasing an additional 425 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of Unilever in the 2nd quarter worth about $30,000. Webster Bank N. A. lifted its position in shares of Unilever by 54.3% in the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company’s stock worth $34,000 after purchasing an additional 217 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Unilever in the 3rd quarter worth about $35,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Up 1.1 %

Shares of Unilever stock opened at $59.74 on Friday. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The company has a 50-day simple moving average of $61.43 and a two-hundred day simple moving average of $59.73.

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 a boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.18%.

Analysts Set New Price Targets

UL has been the subject of several research analyst reports. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and lifted their price target for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.