Raymond James Trust N.A. Has $3.03 Million Position in Unilever PLC (NYSE:UL)

Raymond James Trust N.A. lessened its stake in shares of Unilever PLC (NYSE:UL) by 9.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,694 shares of the company’s stock after selling 4,718 shares during the period. Raymond James Trust N.A.’s holdings in Unilever were worth $3,033,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Unilever by 26.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 151,027 shares of the company’s stock worth $9,811,000 after acquiring an additional 31,186 shares during the period. Banco Santander S.A. bought a new position in shares of Unilever in the third quarter worth about $585,000. Thompson Siegel & Walmsley LLC lifted its position in shares of Unilever by 2.1% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 19,215 shares of the company’s stock worth $1,248,000 after purchasing an additional 400 shares during the last quarter. King Luther Capital Management Corp boosted its stake in Unilever by 6.5% during the 3rd quarter. King Luther Capital Management Corp now owns 7,948 shares of the company’s stock valued at $516,000 after purchasing an additional 487 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in Unilever by 2.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 7,663 shares of the company’s stock valued at $498,000 after buying an additional 207 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

NYSE UL opened at $58.61 on Friday. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The company’s 50-day simple moving average is $61.86 and its 200 day simple moving average is $59.55.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be paid a $0.4755 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Friday, November 8th.

Wall Street Analysts Forecast Growth

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