Cerity Partners LLC Has $13.32 Million Stock Holdings in Unilever PLC (NYSE:UL)

Cerity Partners LLC raised its position in Unilever PLC (NYSE:UL) by 22.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 205,049 shares of the company’s stock after acquiring an additional 37,255 shares during the period. Cerity Partners LLC’s holdings in Unilever were worth $13,320,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. ST Germain D J Co. Inc. lifted 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 worth $29,000 after purchasing an additional 428 shares during the period. Abich Financial Wealth Management LLC lifted 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 worth $29,000 after acquiring an additional 425 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Unilever during the 2nd quarter valued at about $30,000. Webster Bank N. A. increased its stake in Unilever by 54.3% in the second quarter. Webster Bank N. A. now owns 617 shares of the company’s stock valued at $34,000 after acquiring an additional 217 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Unilever in the third quarter worth about $35,000. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on UL shares. UBS Group raised Unilever to a “strong sell” rating in a report on Tuesday, July 30th. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Erste Group Bank restated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, Bank of America raised Unilever from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued 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 Stock Performance

UL stock opened at $58.78 on Tuesday. The business has a fifty day moving average of $61.73 and a 200-day moving average of $59.69. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders 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 is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a yield of 3.24%.

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.