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

Fiduciary Trust Co lifted its stake in Unilever PLC (NYSE:UL) by 2.8% in the third quarter, HoldingsChannel.com reports. The fund 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 filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Unilever by 16.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock worth $7,180,000 after acquiring an additional 15,941 shares during the period. Bank of Montreal Can grew its stake in shares of Unilever by 249.5% in the second quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock worth $98,204,000 after acquiring an additional 1,248,136 shares during the period. WCM Investment Management LLC grew its stake in shares of Unilever by 236.2% in the third quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock worth $1,997,000 after acquiring an additional 21,441 shares during the period. Radnor Capital Management LLC bought a new stake in shares of Unilever in the third quarter worth approximately $1,388,000. Finally, Tidal Investments LLC grew its stake in shares of Unilever by 2.4% in the first quarter. Tidal Investments LLC now owns 14,871 shares of the company’s stock worth $746,000 after acquiring an additional 347 shares during the period. 9.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UL. Erste Group Bank restated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and boosted their target price for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. Finally, StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, Unilever has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Trading Up 1.1 %

UL opened at $59.74 on Friday. Unilever PLC has a 1-year low of $46.46 and a 1-year 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 declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a $0.4755 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Friday, November 8th.

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.