American Capital Advisory LLC Grows Stock Position in Unilever PLC (NYSE:UL)

American Capital Advisory LLC lifted its holdings in shares of Unilever PLC (NYSE:UL) by 2,122.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 23,446 shares of the company’s stock after acquiring an additional 22,391 shares during the period. Unilever makes up approximately 0.9% of American Capital Advisory LLC’s investment portfolio, making the stock its 26th largest holding. American Capital Advisory LLC’s holdings in Unilever were worth $1,523,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Unilever by 5.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,958 shares of the company’s stock worth $2,608,000 after buying an additional 2,833 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in Unilever in the 1st quarter worth $55,000. Jennison Associates LLC lifted its position in Unilever by 16.3% during the 1st quarter. Jennison Associates LLC now owns 192,856 shares of the company’s stock worth $9,679,000 after acquiring an additional 27,065 shares during the period. Chevy Chase Trust Holdings LLC grew its stake in Unilever by 0.6% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 418,770 shares of the company’s stock valued at $21,018,000 after purchasing an additional 2,318 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Unilever by 13.2% in the first quarter. Signaturefd LLC now owns 36,419 shares of the company’s stock worth $1,828,000 after purchasing an additional 4,237 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on UL shares. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and upped their target price for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, 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. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Price Performance

Shares of Unilever stock traded down $2.11 on Wednesday, hitting $59.55. The company’s stock had a trading volume of 734,907 shares, compared to its average volume of 2,586,172. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The firm has a fifty day moving average price of $63.67 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 issued a $0.4755 dividend. This represents a $1.90 annualized dividend and a yield of 3.19%. The ex-dividend date is Friday, November 8th. This is a positive change from Unilever’s previous quarterly dividend of $0.35.

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.