Saturna Capital Corp Buys 3,086 Shares of Unilever PLC (NYSE:UL)

Saturna Capital Corp boosted its stake in shares of Unilever PLC (NYSE:UL) by 0.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 574,325 shares of the company’s stock after acquiring an additional 3,086 shares during the period. Saturna Capital Corp’s holdings in Unilever were worth $37,308,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UL. Haverford Trust Co raised its position in shares of Unilever by 0.9% in the 3rd quarter. Haverford Trust Co now owns 75,509 shares of the company’s stock valued at $4,905,000 after buying an additional 679 shares in the last quarter. Aptus Capital Advisors LLC raised its position in Unilever by 5.9% during the third quarter. Aptus Capital Advisors LLC now owns 6,299 shares of the company’s stock valued at $409,000 after purchasing an additional 349 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in Unilever by 3.7% during the third quarter. Ashton Thomas Private Wealth LLC now owns 9,847 shares of the company’s stock worth $640,000 after purchasing an additional 354 shares during the last quarter. Keystone Financial Services boosted its holdings in shares of Unilever by 7.7% in the 3rd quarter. Keystone Financial Services now owns 11,522 shares of the company’s stock valued at $748,000 after purchasing an additional 826 shares in the last quarter. Finally, WCM Investment Management LLC increased its stake in shares of Unilever by 236.2% in the 3rd quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock valued at $1,997,000 after purchasing an additional 21,441 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UL has been the topic of several research analyst reports. UBS Group raised Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and lifted their price target for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. TD Cowen began coverage on shares of Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective for the company. Finally, StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Trading Down 0.0 %

NYSE:UL opened at $57.56 on Wednesday. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The firm’s 50 day simple moving average is $63.06 and its 200 day simple moving average is $59.33.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued a $0.4755 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.30%. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date 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.