Brown Brothers Harriman & Co. Sells 2,408 Shares of Unilever PLC (NYSE:UL)

Brown Brothers Harriman & Co. reduced its holdings in Unilever PLC (NYSE:UL) by 18.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,979 shares of the company’s stock after selling 2,408 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Unilever were worth $713,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. increased its stake in shares of Unilever by 423.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after acquiring an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC raised its holdings in shares of Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after purchasing an additional 425 shares during the period. 1620 Investment Advisors Inc. bought a new position in shares of Unilever during the 2nd quarter worth about $30,000. Webster Bank N. A. grew its stake in shares of Unilever by 54.3% in the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company’s stock valued at $34,000 after buying an additional 217 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Unilever in the 3rd quarter valued at about $35,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Performance

Shares of NYSE:UL opened at $59.11 on Wednesday. The stock’s fifty day simple moving average is $61.61 and its two-hundred day simple moving average 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 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. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Friday, November 8th.

Wall Street Analyst Weigh In

UL has been the topic of a number of research reports. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Finally, Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock 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.