Maia Wealth LLC Makes New Investment in Unilever PLC (NYSE:UL)

Maia Wealth LLC bought a new position in shares of Unilever PLC (NYSE:UL) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,589 shares of the company’s stock, valued at approximately $224,000.

A number of other hedge funds have also modified their holdings of UL. Mayflower Financial Advisors LLC boosted its stake in Unilever by 4.1% during the second quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock worth $231,000 after buying an additional 167 shares during the last quarter. O Brien Greene & Co. Inc boosted its position in shares of Unilever by 2.7% during the 2nd quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock valued at $366,000 after acquiring an additional 174 shares during the last quarter. Crewe Advisors LLC grew its holdings in shares of Unilever by 17.3% in the second quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock valued at $65,000 after purchasing an additional 175 shares during the period. Bailard Inc. raised its stake in Unilever by 1.2% during the second quarter. Bailard Inc. now owns 15,014 shares of the company’s stock worth $826,000 after purchasing an additional 179 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its stake in Unilever by 7.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,781 shares of the company’s stock worth $181,000 after purchasing an additional 181 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on UL shares. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and raised their price target for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. TD Cowen began coverage on Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target for the company. Finally, UBS Group upgraded shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.75.

Unilever Stock Down 3.9 %

Shares of NYSE UL opened at $59.27 on Thursday. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The stock has a fifty day simple moving average of $63.56 and a 200-day simple moving average of $59.00.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a $0.4755 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Friday, November 8th.

Unilever 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.