Pitcairn Co. Sells 553 Shares of Unilever PLC (NYSE:UL)

Pitcairn Co. trimmed its holdings in Unilever PLC (NYSE:UL) by 3.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,497 shares of the company’s stock after selling 553 shares during the quarter. Pitcairn Co.’s holdings in Unilever were worth $942,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Mayflower Financial Advisors LLC increased its stake in Unilever by 4.1% in the second quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock worth $231,000 after purchasing an additional 167 shares during the period. O Brien Greene & Co. Inc boosted its position in Unilever by 2.7% during the second quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock valued at $366,000 after purchasing an additional 174 shares in the last quarter. Crewe Advisors LLC boosted its holdings in Unilever by 17.3% in the second quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock worth $65,000 after acquiring an additional 175 shares in the last quarter. Bailard Inc. boosted its holdings in Unilever by 1.2% in the second quarter. Bailard Inc. now owns 15,014 shares of the company’s stock worth $826,000 after acquiring an additional 179 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Unilever by 7.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,781 shares of the company’s stock worth $181,000 after acquiring an additional 181 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Trading Up 1.7 %

Shares of NYSE:UL opened at $58.61 on Monday. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The business has a fifty day simple moving average of $61.86 and a 200 day simple moving average of $59.65.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.4755 per share. This is a boost from Unilever’s previous quarterly dividend of $0.35. 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 3.25%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and lifted their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Finally, UBS Group raised Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $61.75.

About Unilever

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.