Waldron Private Wealth LLC Purchases 2,739 Shares of Unilever PLC (NYSE:UL)

Waldron Private Wealth LLC boosted its position in Unilever PLC (NYSE:UL) by 13.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 22,610 shares of the company’s stock after buying an additional 2,739 shares during the quarter. Waldron Private Wealth LLC’s holdings in Unilever were worth $1,469,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UL. Red Tortoise LLC bought a new stake in Unilever in the first quarter valued at approximately $26,000. Quent Capital LLC acquired a new stake in Unilever during the 1st quarter worth $28,000. ST Germain D J Co. Inc. lifted its holdings in Unilever by 423.8% during the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after acquiring an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC increased its holdings in shares of Unilever by 393.5% in the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after acquiring an additional 425 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Unilever during the second quarter worth about $30,000. 9.67% of the stock is owned by institutional investors.

Unilever Trading Down 0.8 %

NYSE UL traded down $0.52 on Tuesday, hitting $61.78. The company’s stock had a trading volume of 1,432,264 shares, compared to its average volume of 2,625,198. The company’s 50-day moving average is $63.75 and its 200 day moving average is $57.89. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $65.87.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were issued a dividend of $0.4773 per share. The ex-dividend date was Friday, August 9th. This is an increase from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 annualized dividend and a yield of 3.09%.

Analyst Ratings Changes

Several research firms recently commented on UL. TD Cowen started coverage on shares of Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective on the stock. UBS Group raised Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Finally, Bank of America upgraded 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 note on Thursday, August 22nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned 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 Company 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.