Boston Family Office LLC Trims Stock Holdings in Unilever PLC (NYSE:UL)

Boston Family Office LLC trimmed its holdings in Unilever PLC (NYSE:UL) by 9.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,511 shares of the company’s stock after selling 387 shares during the period. Boston Family Office LLC’s holdings in Unilever were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. 1832 Asset Management L.P. increased its stake in Unilever by 13.1% in the 1st quarter. 1832 Asset Management L.P. now owns 25,191 shares of the company’s stock worth $1,264,000 after acquiring an additional 2,919 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Unilever by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,141,878 shares of the company’s stock valued at $57,312,000 after purchasing an additional 214,635 shares in the last quarter. Janus Henderson Group PLC lifted its position in Unilever by 3.8% during the first quarter. Janus Henderson Group PLC now owns 25,033 shares of the company’s stock valued at $1,256,000 after purchasing an additional 915 shares during the last quarter. Ancora Advisors LLC grew its stake in Unilever by 1.2% in the 1st quarter. Ancora Advisors LLC now owns 74,242 shares of the company’s stock worth $3,726,000 after buying an additional 916 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of Unilever by 18.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 29,547 shares of the company’s stock worth $1,460,000 after buying an additional 4,549 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Up 0.3 %

UL stock opened at $58.78 on Tuesday. The stock’s 50 day simple moving average is $61.73 and its 200 day simple moving average is $59.69. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.4755 per share. The ex-dividend date is Friday, November 8th. This represents a $1.90 annualized dividend and a yield of 3.24%. This is a boost from Unilever’s previous quarterly dividend of $0.35.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on UL. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, UBS Group raised Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.