Quantbot Technologies LP Buys New Position in Unilever PLC (NYSE:UL)

Quantbot Technologies LP acquired a new stake in Unilever PLC (NYSE:ULFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 41,080 shares of the company’s stock, valued at approximately $2,669,000.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Unilever by 23.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,141,878 shares of the company’s stock worth $57,312,000 after acquiring an additional 214,635 shares during the period. Janus Henderson Group PLC increased its stake in Unilever by 3.8% in the first quarter. Janus Henderson Group PLC now owns 25,033 shares of the company’s stock valued at $1,256,000 after acquiring an additional 915 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Unilever by 18.2% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 29,547 shares of the company’s stock worth $1,460,000 after buying an additional 4,549 shares in the last quarter. Tidal Investments LLC raised its stake in Unilever by 2.4% during the first quarter. Tidal Investments LLC now owns 14,871 shares of the company’s stock worth $746,000 after acquiring an additional 347 shares in the last quarter. Finally, Hancock Whitney Corp acquired a new stake in Unilever in the first quarter valued at approximately $223,000. 9.67% of the stock is currently owned by institutional investors.

Unilever Trading Up 1.1 %

UL opened at $59.75 on Thursday. The firm has a 50-day moving average price of $61.52 and a 200-day moving average price of $59.73. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be issued a $0.4755 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, November 8th.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Finally, Bank of America upgraded 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 report on Thursday, August 22nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $61.75.

Check Out Our Latest Analysis on UL

About Unilever

(Free Report)

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.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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