Diversify Wealth Management LLC Raises Stock Position in Unilever PLC (NYSE:UL)

Diversify Wealth Management LLC increased its stake in Unilever PLC (NYSE:UL) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,768 shares of the company’s stock after acquiring an additional 431 shares during the quarter. Diversify Wealth Management LLC’s holdings in Unilever were worth $1,441,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UL. Mayflower Financial Advisors LLC grew its holdings in shares of Unilever by 4.1% during the second quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock worth $231,000 after buying an additional 167 shares in the last quarter. O Brien Greene & Co. Inc grew its holdings in shares of Unilever by 2.7% during the second quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock worth $366,000 after buying an additional 174 shares in the last quarter. Crewe Advisors LLC grew its holdings in shares of Unilever by 17.3% during the second quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock worth $65,000 after buying an additional 175 shares in the last quarter. Bailard Inc. grew its holdings in shares of Unilever by 1.2% during the second quarter. Bailard Inc. now owns 15,014 shares of the company’s stock worth $826,000 after buying an additional 179 shares in the last quarter. Finally, Gallacher Capital Management LLC grew its holdings in shares of Unilever by 2.5% during the second quarter. Gallacher Capital Management LLC now owns 7,575 shares of the company’s stock worth $417,000 after buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of UL opened at $61.61 on Thursday. The firm has a 50-day moving average price of $63.84 and a 200 day moving average price of $58.51. 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 given a $0.4755 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a yield of 3.09%. This is a boost from Unilever’s previous quarterly dividend of $0.35.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on UL. UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and upped their price objective for the company from $47.00 to $72.00 in a 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. Finally, TD Cowen assumed coverage on shares of Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.