Zevin Asset Management LLC Has $17.48 Million Stock Position in Unilever PLC (NYSE:UL)

Zevin Asset Management LLC lowered its position in shares of Unilever PLC (NYSE:UL) by 1.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 269,080 shares of the company’s stock after selling 4,945 shares during the quarter. Unilever comprises 2.7% of Zevin Asset Management LLC’s holdings, making the stock its 12th biggest position. Zevin Asset Management LLC’s holdings in Unilever were worth $17,479,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Jacobi Capital Management LLC lifted its position in Unilever by 23.7% during the first quarter. Jacobi Capital Management LLC now owns 7,678 shares of the company’s stock worth $385,000 after purchasing an additional 1,472 shares during the period. PAX Financial Group LLC lifted its holdings in shares of Unilever by 2.8% in the first quarter. PAX Financial Group LLC now owns 11,338 shares of the company’s stock worth $569,000 after acquiring an additional 312 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Unilever by 17.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 73,307 shares of the company’s stock worth $3,679,000 after acquiring an additional 10,870 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Unilever by 29.1% in the first quarter. Clearbridge Investments LLC now owns 186,247 shares of the company’s stock worth $9,348,000 after acquiring an additional 41,976 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of Unilever in the first quarter worth about $1,699,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

UL has been the subject of a number of research reports. TD Cowen assumed coverage on shares of Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price for the company. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and raised their price objective for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. 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, two have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.75.

Unilever Price Performance

NYSE:UL opened at $57.40 on Monday. The company has a 50 day simple moving average of $62.59 and a two-hundred day simple moving average of $59.45. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be given a dividend of $0.4755 per share. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.90 annualized dividend and a dividend yield of 3.31%.

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.