Meridian Wealth Management LLC Acquires New Position in Unilever PLC (NYSE:UL)

Meridian Wealth Management LLC acquired a new stake in Unilever PLC (NYSE:ULFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 52,498 shares of the company’s stock, valued at approximately $3,410,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UL. ST Germain D J Co. Inc. raised its position in shares of Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after purchasing an additional 428 shares during the period. Abich Financial Wealth Management LLC raised its position in shares of Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after purchasing an additional 425 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Unilever during the 2nd quarter worth approximately $30,000. Webster Bank N. A. raised its position in shares of Unilever by 54.3% during the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company’s stock worth $34,000 after purchasing an additional 217 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Unilever during the 3rd quarter worth approximately $35,000. 9.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UL shares. Erste Group Bank reissued a “hold” rating on shares of Unilever in a report on Tuesday. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. UBS Group raised Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, Bank of America raised Unilever from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $61.75.

View Our Latest Analysis on UL

Unilever Price Performance

UL opened at $58.61 on Friday. The business has a fifty day simple moving average of $61.86 and a 200-day simple moving average of $59.55. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.4755 per share. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a dividend yield of 3.25%.

About Unilever

(Free Report)

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.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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