Unilever PLC (NYSE:UL) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. trimmed its stake in shares of Unilever PLC (NYSE:UL) by 9.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,694 shares of the company’s stock after selling 4,718 shares during the period. Raymond James Trust N.A.’s holdings in Unilever were worth $3,033,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of UL. ST Germain D J Co. Inc. lifted its stake in Unilever by 423.8% during the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after buying an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC lifted its position in shares of Unilever by 393.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after acquiring an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in Unilever in the 2nd quarter worth approximately $30,000. Webster Bank N. A. boosted its stake in Unilever by 54.3% in the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company’s stock worth $34,000 after purchasing an additional 217 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in Unilever during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Trading Up 1.7 %

Shares of Unilever stock opened at $58.61 on Friday. The stock has a 50-day simple moving average of $61.86 and a 200-day simple moving average of $59.55. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.4755 per share. This is a positive change 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 annualized dividend and a dividend yield of 3.25%.

Wall Street Analysts Forecast Growth

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