Prospera Private Wealth LLC Makes New $159,000 Investment in Unilever PLC (NYSE:UL)

Prospera Private Wealth LLC purchased a new position in shares of Unilever PLC (NYSE:UL) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 2,454 shares of the company’s stock, valued at approximately $159,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UL. Price T Rowe Associates Inc. MD boosted its position in shares of Unilever by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,141,878 shares of the company’s stock worth $57,312,000 after buying an additional 214,635 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Unilever by 16.9% in the third 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. Bank of Montreal Can boosted its holdings in Unilever by 249.5% in the second 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. Radnor Capital Management LLC purchased a new position in Unilever in the third quarter valued at about $1,388,000. Finally, WCM Investment Management LLC boosted its holdings in Unilever by 236.2% in the third quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock valued at $1,997,000 after purchasing an additional 21,441 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Performance

UL opened at $57.57 on Thursday. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The stock’s 50 day moving average price is $62.14 and its 200 day moving average price is $59.52.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be given a $0.4755 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.30%. The ex-dividend date is Friday, November 8th.

Analyst Ratings Changes

A number of research firms have commented on UL. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and increased their target price for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a report on Tuesday. Finally, UBS Group raised Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.