MML Investors Services LLC Has $13.79 Million Stock Holdings in Unilever PLC (NYSE:UL)

MML Investors Services LLC lessened its stake in Unilever PLC (NYSE:UL) by 8.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 212,242 shares of the company’s stock after selling 19,934 shares during the quarter. MML Investors Services LLC’s holdings in Unilever were worth $13,787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in UL. Abich Financial Wealth Management LLC increased its holdings in 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 last quarter. 1620 Investment Advisors Inc. bought a new stake in Unilever during the second quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Unilever during the third quarter valued at approximately $35,000. Jamison Private Wealth Management Inc. lifted its position in shares of Unilever by 202.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after buying an additional 405 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of Unilever during the 3rd quarter valued at approximately $40,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Down 0.2 %

Shares of Unilever stock opened at $58.73 on Wednesday. The stock has a fifty day moving average price of $60.65 and a 200-day moving average price of $60.06. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were given a dividend of $0.4755 per share. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend was Friday, November 8th.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on UL shares. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and lifted their price target for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Finally, StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.