4,488 Shares in Unilever PLC (NYSE:UL) Bought by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC bought a new stake in Unilever PLC (NYSE:UL) in the third quarter, HoldingsChannel reports. The fund bought 4,488 shares of the company’s stock, valued at approximately $292,000.

Several other large investors also recently modified their holdings of UL. Fiera Capital Corp grew its position in shares of Unilever by 1,866.0% in the 2nd quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock valued at $117,451,000 after purchasing an additional 2,027,221 shares during the period. Equity Investment Corp boosted its holdings in shares of Unilever by 107.1% in the first quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock valued at $146,091,000 after buying an additional 1,505,233 shares during the period. Bank of Montreal Can boosted its holdings in shares of Unilever by 249.5% in the second quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock valued at $98,204,000 after buying an additional 1,248,136 shares during the period. Clearbridge Investments LLC increased its position in shares of Unilever by 598.7% during the second quarter. Clearbridge Investments LLC now owns 1,301,239 shares of the company’s stock worth $71,555,000 after acquiring an additional 1,114,992 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Unilever by 26.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock worth $241,145,000 after acquiring an additional 911,443 shares during the period. 9.67% of the stock is currently owned by institutional investors.

Unilever Stock Performance

UL stock opened at $61.69 on Monday. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $65.87. The business has a 50 day moving average price of $63.80 and a two-hundred day moving average price of $58.27.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be paid a $0.4755 dividend. The ex-dividend date is Friday, November 8th. This is a boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a dividend yield of 3.08%.

Wall Street Analysts Forecast Growth

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

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.