PDS Planning Inc Boosts Stock Holdings in Unilever PLC (NYSE:UL)

PDS Planning Inc raised its stake in Unilever PLC (NYSE:UL) by 7.6% during the third quarter, Holdings Channel reports. The firm owned 9,338 shares of the company’s stock after purchasing an additional 657 shares during the period. PDS Planning Inc’s holdings in Unilever were worth $607,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. ST Germain D J Co. Inc. raised its position in 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 purchasing an additional 428 shares during the period. Abich Financial Wealth Management LLC raised its holdings in shares of Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after buying an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in Unilever in the 3rd quarter worth approximately $35,000. 1620 Investment Advisors Inc. purchased a new position in shares of Unilever in the second quarter valued at $30,000. Finally, Jamison Private Wealth Management Inc. grew its holdings in Unilever by 202.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after purchasing an additional 405 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Down 0.0 %

Shares of UL stock opened at $61.31 on Tuesday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The company has a 50-day simple moving average of $63.71 and a 200 day simple moving average of $58.90.

Unilever Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on UL shares. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and upped their price target for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. UBS Group raised shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Finally, TD Cowen began coverage on Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price for the company. Three research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.