Headlands Technologies LLC Grows Position in Unilever PLC (NYSE:UL)

Headlands Technologies LLC raised its position in shares of Unilever PLC (NYSE:UL) by 456.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 37,431 shares of the company’s stock after purchasing an additional 30,707 shares during the quarter. Headlands Technologies LLC’s holdings in Unilever were worth $1,815,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Boston Trust Walden Corp boosted its holdings in shares of Unilever by 5.6% in the 3rd quarter. Boston Trust Walden Corp now owns 9,505 shares of the company’s stock worth $470,000 after purchasing an additional 500 shares during the period. Birch Hill Investment Advisors LLC boosted its holdings in shares of Unilever by 26.5% in the 3rd quarter. Birch Hill Investment Advisors LLC now owns 6,200 shares of the company’s stock worth $306,000 after purchasing an additional 1,300 shares during the period. Simplicity Solutions LLC boosted its holdings in shares of Unilever by 1.6% in the 3rd quarter. Simplicity Solutions LLC now owns 40,956 shares of the company’s stock worth $2,023,000 after purchasing an additional 631 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Unilever by 28.1% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 8,076 shares of the company’s stock worth $399,000 after purchasing an additional 1,774 shares during the period. Finally, Red Door Wealth Management LLC boosted its holdings in shares of Unilever by 5.9% in the 3rd quarter. Red Door Wealth Management LLC now owns 10,107 shares of the company’s stock worth $499,000 after purchasing an additional 562 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UL. Morgan Stanley cut Unilever from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $48.00.

Unilever Stock Up 0.6 %

Shares of NYSE UL opened at $51.24 on Friday. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $55.99. The business has a fifty day simple moving average of $49.11 and a two-hundred day simple moving average of $48.56.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $0.4556 dividend. This represents a $1.82 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Thursday, May 16th.

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.