Unilever PLC (NYSE:UL) Shares Sold by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. trimmed its holdings in shares of Unilever PLC (NYSE:UL) by 23.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 141,900 shares of the company’s stock after selling 42,977 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Unilever were worth $9,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in UL. Quent Capital LLC acquired a new stake in shares of Unilever in the first quarter valued at approximately $28,000. ST Germain D J Co. Inc. raised its holdings in shares of Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after buying an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC boosted its stake in shares of Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after buying an additional 425 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of Unilever during the second quarter worth about $30,000. Finally, Webster Bank N. A. raised its stake in Unilever by 54.3% during the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company’s stock valued at $34,000 after acquiring an additional 217 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Trading Up 0.7 %

Unilever stock opened at $61.33 on Friday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The firm’s 50-day simple moving average is $63.76 and its 200 day simple moving average is $58.63.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be issued a $0.4755 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Friday, November 8th. This is an increase from Unilever’s previous quarterly dividend of $0.35.

Analyst Upgrades and Downgrades

UL has been the topic of a number of recent research reports. UBS Group raised Unilever to a “strong sell” rating in a report on Tuesday, July 30th. 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 upgraded shares of Unilever from an “underperform” rating to a “buy” rating and raised their target price for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. Finally, TD Cowen began coverage on shares of Unilever in a research note on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.