Schrum Private Wealth Management LLC Acquires 3,709 Shares of Unilever PLC (NYSE:UL)

Schrum Private Wealth Management LLC boosted its holdings in Unilever PLC (NYSE:UL) by 59.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,932 shares of the company’s stock after purchasing an additional 3,709 shares during the period. Schrum Private Wealth Management LLC’s holdings in Unilever were worth $645,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. ST Germain D J Co. Inc. lifted 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 during the last quarter. Abich Financial Wealth Management LLC lifted its position in Unilever by 393.5% in 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 last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Unilever during the third quarter valued at approximately $35,000. 1620 Investment Advisors Inc. bought a new position in shares of Unilever in the second quarter worth approximately $30,000. Finally, Jamison Private Wealth Management Inc. grew its holdings in shares of Unilever by 202.5% in the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after purchasing an additional 405 shares during the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Trading Down 0.3 %

Shares of UL traded down $0.16 during trading hours on Wednesday, reaching $57.41. 648,362 shares of the company traded hands, compared to its average volume of 2,587,712. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The company’s fifty day moving average price is $63.06 and its two-hundred day moving average price is $59.33.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be issued a $0.4755 dividend. The ex-dividend date is Friday, November 8th. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.31%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UL. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and upped their price target for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. UBS Group upgraded shares of 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 note on Tuesday. Finally, TD Cowen initiated coverage on Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target for the company. Three analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.