tru Independence LLC Has $5.65 Million Stock Holdings in Unilever PLC (NYSE:UL)

tru Independence LLC lowered its position in shares of Unilever PLC (NYSE:UL) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,710 shares of the company’s stock after selling 1,177 shares during the quarter. Unilever makes up approximately 1.7% of tru Independence LLC’s holdings, making the stock its 23rd biggest holding. tru Independence LLC’s holdings in Unilever were worth $5,648,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Unilever in the fourth quarter valued at $151,263,000. Fiera Capital Corp increased its position in Unilever by 1,866.0% in the 2nd 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 in the last quarter. Equity Investment Corp raised its stake in shares of Unilever by 107.1% in the first quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock worth $146,091,000 after acquiring an additional 1,505,233 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Unilever by 3.3% during the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock worth $1,672,275,000 after purchasing an additional 1,114,417 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Unilever by 9.6% during the fourth quarter. Fisher Asset Management LLC now owns 10,830,250 shares of the company’s stock valued at $525,051,000 after purchasing an additional 951,446 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Stock Down 0.3 %

Shares of UL stock opened at $65.25 on Friday. The stock has a 50-day moving average of $60.25 and a 200-day moving average of $54.70. Unilever PLC has a one year low of $46.16 and a one year high of $65.72.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were paid a $0.4773 dividend. This represents a $1.91 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Friday, August 9th. This is an increase from Unilever’s previous quarterly dividend of $0.46.

Analysts Set New Price Targets

Several research firms have issued reports on UL. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. UBS Group raised Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and upped their target price for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. Finally, Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Unilever has an average rating of “Hold” and an average target price 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.