Code Waechter LLC Makes New Investment in Unilever PLC (NYSE:UL)

Code Waechter LLC acquired a new position in shares of Unilever PLC (NYSE:UL) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,632 shares of the company’s stock, valued at approximately $236,000.

Several other institutional investors have also made changes to their positions in UL. Wellington Management Group LLP raised its stake in Unilever by 3.3% during the 4th quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock valued at $1,672,275,000 after purchasing an additional 1,114,417 shares during the period. Fisher Asset Management LLC raised its position in Unilever by 9.6% during the fourth quarter. Fisher Asset Management LLC now owns 10,830,250 shares of the company’s stock valued at $525,051,000 after buying an additional 951,446 shares during the period. Dimensional Fund Advisors LP lifted its stake in Unilever by 26.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock worth $241,145,000 after acquiring an additional 911,443 shares in the last quarter. Lazard Asset Management LLC grew its stake in Unilever by 19.3% during the 1st quarter. Lazard Asset Management LLC now owns 4,132,640 shares of the company’s stock valued at $207,416,000 after acquiring an additional 668,913 shares in the last quarter. Finally, Equity Investment Corp boosted its holdings in shares of Unilever by 107.1% during the first quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock worth $146,091,000 after purchasing an additional 1,505,233 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Price Performance

Shares of Unilever stock traded up $0.39 on Friday, reaching $62.79. The stock had a trading volume of 997,066 shares, compared to its average volume of 2,673,064. The business’s 50-day moving average price is $63.50 and its two-hundred day moving average price is $57.22. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were issued a dividend of $0.4773 per share. This represents a $1.91 dividend on an annualized basis and a yield of 3.04%. This is a boost from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, August 9th.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and boosted their price target for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. TD Cowen began coverage on shares of Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective on the stock. Finally, UBS Group upgraded shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.