Unilever PLC (NYSE:UL) Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its holdings in shares of Unilever PLC (NYSE:UL) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,663 shares of the company’s stock after purchasing an additional 207 shares during the period. First Horizon Advisors Inc.’s holdings in Unilever were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Clearbridge Investments LLC grew its stake in shares of Unilever by 29.1% in the first quarter. Clearbridge Investments LLC now owns 186,247 shares of the company’s stock valued at $9,348,000 after buying an additional 41,976 shares in the last quarter. EP Wealth Advisors LLC grew its position in Unilever by 28.5% in the first quarter. EP Wealth Advisors LLC now owns 13,259 shares of the company’s stock valued at $665,000 after acquiring an additional 2,940 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Unilever by 2.8% during the first quarter. Advisors Asset Management Inc. now owns 53,233 shares of the company’s stock valued at $2,672,000 after purchasing an additional 1,434 shares during the period. Gabelli Funds LLC lifted its position in shares of Unilever by 0.7% during the first quarter. Gabelli Funds LLC now owns 164,895 shares of the company’s stock worth $8,276,000 after purchasing an additional 1,150 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in shares of Unilever by 13.1% in the first quarter. 1832 Asset Management L.P. now owns 25,191 shares of the company’s stock valued at $1,264,000 after purchasing an additional 2,919 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Performance

Shares of NYSE UL opened at $57.63 on Friday. The stock’s 50 day moving average price is $61.99 and its two-hundred day moving average price is $59.51. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors 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 boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.30%.

Analyst Upgrades and Downgrades

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