Unilever PLC (NYSE:UL) Shares Sold by Narwhal Capital Management

Narwhal Capital Management decreased its position in Unilever PLC (NYSE:UL) by 28.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,384 shares of the company’s stock after selling 10,742 shares during the period. Narwhal Capital Management’s holdings in Unilever were worth $1,714,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Fiera Capital Corp raised its position in shares of Unilever by 1,866.0% during the 2nd quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock worth $117,451,000 after buying an additional 2,027,221 shares in the last quarter. Equity Investment Corp boosted its stake in Unilever by 107.1% during the 1st quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock valued at $146,091,000 after purchasing an additional 1,505,233 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Unilever by 249.5% in the 2nd quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock worth $98,204,000 after buying an additional 1,248,136 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Unilever by 598.7% in the second quarter. Clearbridge Investments LLC now owns 1,301,239 shares of the company’s stock valued at $71,555,000 after buying an additional 1,114,992 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Unilever by 26.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock valued at $241,145,000 after buying an additional 911,443 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of Unilever stock opened at $61.87 on Wednesday. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $65.87. The stock has a 50-day moving average price of $63.77 and a 200 day moving average price of $57.99.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were issued a dividend of $0.4773 per share. This is a boost from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, August 9th.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on UL shares. UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Finally, TD Cowen initiated coverage on Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target for the company. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.