Keudell Morrison Wealth Management Decreases Stock Position in Unilever PLC (NYSE:UL)

Keudell Morrison Wealth Management lessened its holdings in Unilever PLC (NYSE:UL) by 31.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,667 shares of the company’s stock after selling 1,670 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Unilever were worth $238,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of UL. Mirae Asset Global Investments Co. Ltd. grew its position in Unilever by 5.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,958 shares of the company’s stock valued at $2,608,000 after acquiring an additional 2,833 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Unilever by 22.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,496 shares of the company’s stock worth $326,000 after buying an additional 1,209 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Unilever during the 1st quarter worth $684,000. Wealthspire Advisors LLC grew its position in shares of Unilever by 3.1% during the 1st quarter. Wealthspire Advisors LLC now owns 14,816 shares of the company’s stock worth $744,000 after buying an additional 448 shares in the last quarter. Finally, Hilltop National Bank bought a new position in shares of Unilever during the 1st quarter worth $460,000. Institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UL. TD Cowen started coverage on Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target on the stock. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and lifted their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Finally, UBS Group upgraded 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 given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.75.

Unilever Stock Up 0.5 %

Unilever stock opened at $59.59 on Friday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The stock has a 50-day moving average price of $63.56 and a 200 day moving average price of $59.00.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be given a dividend of $0.4755 per share. This is a boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.19%. The ex-dividend date is Friday, November 8th.

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.