Unilever PLC (NYSE:UL) Shares Sold by Cary Street Partners Asset Management LLC

Cary Street Partners Asset Management LLC lessened its position in Unilever PLC (NYSE:UL) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,150 shares of the company’s stock after selling 594 shares during the quarter. Cary Street Partners Asset Management LLC’s holdings in Unilever were worth $3,842,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Unilever by 26.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock valued at $241,145,000 after acquiring an additional 911,443 shares in the last quarter. Lazard Asset Management LLC lifted its position in Unilever by 19.3% in the 1st quarter. Lazard Asset Management LLC now owns 4,132,640 shares of the company’s stock worth $207,416,000 after buying an additional 668,913 shares in the last quarter. Equity Investment Corp lifted its position in Unilever by 107.1% in the 1st quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock worth $146,091,000 after buying an additional 1,505,233 shares in the last quarter. Saratoga Research & Investment Management lifted its position in Unilever by 0.8% in the 2nd quarter. Saratoga Research & Investment Management now owns 2,767,207 shares of the company’s stock worth $152,169,000 after buying an additional 22,325 shares in the last quarter. Finally, Hamlin Capital Management LLC lifted its position in Unilever by 7.9% in the 3rd quarter. Hamlin Capital Management LLC now owns 2,667,380 shares of the company’s stock worth $173,273,000 after buying an additional 194,165 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of Unilever stock opened at $61.31 on Tuesday. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The firm has a fifty day moving average price of $63.71 and a two-hundred day moving average price of $58.90.

Unilever Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a yield of 3.10%.

Analyst Ratings Changes

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