Ancora Advisors LLC Purchases 916 Shares of Unilever PLC (NYSE:UL)

Ancora Advisors LLC lifted its position in Unilever PLC (NYSE:UL) by 1.2% during the 1st quarter, HoldingsChannel reports. The firm owned 74,242 shares of the company’s stock after buying an additional 916 shares during the period. Ancora Advisors LLC’s holdings in Unilever were worth $3,726,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Marino Stram & Associates LLC boosted its position in Unilever by 2.2% during the fourth quarter. Marino Stram & Associates LLC now owns 9,963 shares of the company’s stock valued at $483,000 after buying an additional 215 shares during the period. Pine Haven Investment Counsel Inc boosted its position in Unilever by 3.7% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 6,133 shares of the company’s stock valued at $297,000 after buying an additional 216 shares during the period. Avidian Wealth Solutions LLC boosted its position in Unilever by 1.0% during the fourth quarter. Avidian Wealth Solutions LLC now owns 21,616 shares of the company’s stock valued at $1,048,000 after buying an additional 216 shares during the period. Baystate Wealth Management LLC boosted its position in Unilever by 29.9% during the fourth quarter. Baystate Wealth Management LLC now owns 948 shares of the company’s stock valued at $46,000 after buying an additional 218 shares during the period. Finally, FinTrust Capital Advisors LLC boosted its position in Unilever by 6.7% during the fourth quarter. FinTrust Capital Advisors LLC now owns 3,708 shares of the company’s stock valued at $180,000 after buying an additional 232 shares during the period. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UL. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Argus lifted their target price on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a research note on Thursday, May 23rd. TD Cowen started coverage on shares of Unilever in a research note on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price on the stock. Finally, Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $58.33.

Unilever Trading Up 0.5 %

Shares of NYSE UL traded up $0.29 during midday trading on Wednesday, reaching $61.35. The company had a trading volume of 1,641,029 shares, compared to its average volume of 2,792,609. The business’s 50-day simple moving average is $56.23 and its 200 day simple moving average is $52.07. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $61.63.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be issued a dividend of $0.4773 per share. This represents a $1.91 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, August 9th. This is a boost from Unilever’s previous quarterly dividend of $0.46.

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.