Unilever PLC (NYSE:UL) Shares Sold by Boston Financial Mangement LLC

Boston Financial Mangement LLC cut its holdings in shares of Unilever PLC (NYSE:UL) by 15.4% during the third quarter, Holdings Channel.com reports. The fund owned 4,611 shares of the company’s stock after selling 840 shares during the period. Boston Financial Mangement LLC’s holdings in Unilever were worth $300,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of UL. Quent Capital LLC acquired a new stake in Unilever in the 1st quarter worth about $28,000. ST Germain D J Co. Inc. boosted its holdings in 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 buying an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC boosted its holdings in 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 buying an additional 425 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Unilever in the 2nd quarter worth about $30,000. Finally, Webster Bank N. A. boosted its holdings in 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 buying an additional 217 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on UL shares. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. UBS Group upgraded 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 target price on the stock. Finally, StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $61.75.

Unilever Stock Performance

Shares of Unilever stock opened at $62.29 on Wednesday. The stock’s 50 day simple moving average is $63.84 and its 200-day simple moving average is $58.49. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.

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 given a dividend of $0.4755 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Friday, November 8th. This is a positive change from Unilever’s previous quarterly dividend of $0.35.

About Unilever

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.