Oxbow Advisors LLC Has $6.91 Million Stock Position in Unilever PLC (NYSE:UL)

Oxbow Advisors LLC reduced its holdings in shares of Unilever PLC (NYSE:UL) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 125,648 shares of the company’s stock after selling 550 shares during the quarter. Oxbow Advisors LLC’s holdings in Unilever were worth $6,909,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Allen Wealth Management LLC acquired a new stake in Unilever during the 4th quarter worth approximately $2,415,000. Principal Securities Inc. bought a new stake in shares of Unilever in the fourth quarter worth $1,131,000. Diversify Advisory Services LLC acquired a new stake in Unilever in the first quarter valued at $863,000. Virtu Financial LLC bought a new position in Unilever during the 4th quarter worth $867,000. Finally, First Trust Advisors LP raised its position in Unilever by 6.6% during the 4th quarter. First Trust Advisors LP now owns 1,452,545 shares of the company’s stock worth $70,419,000 after purchasing an additional 90,245 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Performance

Shares of NYSE:UL traded down $0.21 during mid-day trading on Friday, hitting $65.25. The company had a trading volume of 2,463,009 shares, compared to its average volume of 2,806,526. Unilever PLC has a one year low of $46.16 and a one year high of $65.72. The firm has a fifty day moving average price of $60.25 and a 200 day moving average price of $54.67.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were paid a $0.4773 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Friday, August 9th.

Analysts Set New Price Targets

UL has been the subject of several recent research reports. TD Cowen started coverage on Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target for the company. UBS Group raised shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Finally, Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Three equities research 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $61.75.

About Unilever

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.