Concord Wealth Partners Purchases 269 Shares of Unilever PLC (NYSE:UL)

Concord Wealth Partners increased its holdings in shares of Unilever PLC (NYSE:UL) by 19.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,669 shares of the company’s stock after purchasing an additional 269 shares during the period. Concord Wealth Partners’ holdings in Unilever were worth $108,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of UL. Diversify Advisory Services LLC acquired a new position in Unilever during the first quarter worth $863,000. Empowered Funds LLC bought a new position in Unilever in the first quarter valued at approximately $684,000. Price T Rowe Associates Inc. MD raised its position in shares of Unilever by 23.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,141,878 shares of the company’s stock valued at $57,312,000 after acquiring an additional 214,635 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Unilever by 16.3% in the 1st quarter. Jennison Associates LLC now owns 192,856 shares of the company’s stock valued at $9,679,000 after purchasing an additional 27,065 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Unilever by 3.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 466,277 shares of the company’s stock worth $23,402,000 after purchasing an additional 16,280 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Stock Up 1.5 %

Shares of Unilever stock opened at $62.61 on Tuesday. The company has a 50 day moving average of $63.82 and a 200-day moving average of $58.38. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be issued 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 annualized dividend and a dividend yield of 3.04%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. TD Cowen assumed coverage on Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective for the company. StockNews.com upgraded shares of 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 report on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Unilever currently 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.