Cary Street Partners Asset Management LLC Sells 594 Shares of Unilever PLC (NYSE:UL)

Cary Street Partners Asset Management LLC trimmed its holdings in shares of Unilever PLC (NYSE:UL) by 1.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 59,150 shares of the company’s stock after selling 594 shares during the period. Cary Street Partners Asset Management LLC’s holdings in Unilever were worth $3,842,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC bought a new position in shares of Unilever during the 1st quarter worth about $684,000. Price T Rowe Associates Inc. MD lifted its holdings in Unilever by 23.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,141,878 shares of the company’s stock valued at $57,312,000 after purchasing an additional 214,635 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Unilever by 16.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock valued at $7,180,000 after purchasing an additional 15,941 shares during the last quarter. Jennison Associates LLC lifted its holdings in Unilever by 16.3% during the 1st quarter. Jennison Associates LLC now owns 192,856 shares of the company’s stock valued at $9,679,000 after purchasing an additional 27,065 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Unilever by 249.5% during the 2nd quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock valued at $98,204,000 after purchasing an additional 1,248,136 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Stock Performance

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

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued 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 a boost from Unilever’s previous quarterly dividend of $0.35.

Analyst Ratings Changes

UL has been the subject of several research reports. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and raised their price objective for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Finally, TD Cowen started coverage on shares of Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target for the company. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently 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.