National Wealth Management Group LLC Acquires New Holdings in Unilever PLC (NYSE:UL)

National Wealth Management Group LLC acquired a new position in Unilever PLC (NYSE:UL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,569 shares of the company’s stock, valued at approximately $362,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UL. Price T Rowe Associates Inc. MD lifted its stake in shares of Unilever by 23.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,141,878 shares of the company’s stock worth $57,312,000 after acquiring an additional 214,635 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Unilever by 16.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock worth $7,180,000 after purchasing an additional 15,941 shares during the period. Bank of Montreal Can lifted its position in Unilever by 249.5% in the second quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock worth $98,204,000 after purchasing an additional 1,248,136 shares during the period. WCM Investment Management LLC boosted its stake in Unilever by 236.2% during the 3rd quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock valued at $1,997,000 after purchasing an additional 21,441 shares in the last quarter. Finally, Radnor Capital Management LLC acquired a new position in shares of Unilever during the 3rd quarter valued at $1,388,000. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of UL opened at $59.75 on Thursday. The business’s 50-day moving average price is $61.52 and its 200 day moving average price is $59.73. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be given a $0.4755 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, November 8th.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UL. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Erste Group Bank restated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Finally, Bank of America raised shares of 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 research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.