Cladis Investment Advisory LLC Sells 3,000 Shares of Unilever PLC (NYSE:UL)

Cladis Investment Advisory LLC cut its stake in shares of Unilever PLC (NYSE:UL) by 46.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,500 shares of the company’s stock after selling 3,000 shares during the quarter. Cladis Investment Advisory LLC’s holdings in Unilever were worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Fiera Capital Corp increased its position in shares of Unilever by 1,866.0% in the second quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock valued at $117,451,000 after acquiring an additional 2,027,221 shares during the period. Jennison Associates LLC grew its stake in shares of Unilever by 981.6% in the third quarter. Jennison Associates LLC now owns 2,076,169 shares of the company’s stock worth $134,868,000 after purchasing an additional 1,884,216 shares during the last quarter. Bank of Montreal Can increased its holdings in Unilever by 249.5% during the 2nd 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 period. Clearbridge Investments LLC raised its position in Unilever by 598.7% during the 2nd quarter. Clearbridge Investments LLC now owns 1,301,239 shares of the company’s stock valued at $71,555,000 after purchasing an additional 1,114,992 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in Unilever by 7.1% in the 3rd quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock worth $1,086,547,000 after buying an additional 1,114,177 shares during the period. 9.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UL has been the topic of several research analyst reports. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and boosted their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Finally, StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $61.75.

Unilever Stock Up 0.2 %

NYSE:UL opened at $59.84 on Monday. The firm’s 50-day moving average price is $61.34 and its 200-day moving average price is $59.84. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.

Unilever Increases Dividend

The firm 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. This represents a $1.90 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Friday, November 8th. This is a boost from Unilever’s previous quarterly dividend of $0.35.

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.