Mitchell Mcleod Pugh & Williams Inc. Buys 530 Shares of Unilever PLC (NYSE:UL)

Mitchell Mcleod Pugh & Williams Inc. lifted its stake in Unilever PLC (NYSE:UL) by 13.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,532 shares of the company’s stock after acquiring 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 institutional investors have also made changes to their positions in the company. Empowered Funds LLC bought a new position in shares of Unilever in the 1st quarter valued at approximately $684,000. Price T Rowe Associates Inc. MD raised its stake in shares of Unilever by 23.1% in 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 in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Unilever by 16.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock valued at $7,180,000 after acquiring an additional 15,941 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Unilever by 249.5% in the 2nd quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock valued at $98,204,000 after acquiring an additional 1,248,136 shares in the last quarter. Finally, Radnor Capital Management LLC bought a new position in shares of Unilever in the 3rd quarter valued at approximately $1,388,000. 9.67% of the stock is owned by institutional investors.

Unilever Price Performance

Shares of NYSE:UL traded down $0.13 during trading on Friday, hitting $59.00. 3,283,741 shares of the stock were exchanged, compared to its average volume of 1,686,531. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The company’s fifty day simple moving average is $63.34 and its 200-day simple moving average is $59.08.

Unilever Increases Dividend

The company also recently disclosed 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. This represents a $1.90 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Friday, November 8th. This is a positive change from Unilever’s previous quarterly dividend of $0.35.

Analyst Ratings Changes

Several research analysts have commented on the company. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. UBS Group raised Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Finally, TD Cowen assumed coverage on Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target on the stock. Three analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company 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.