E Fund Management Hong Kong Co. Ltd. Acquires Shares of 542 Unilever PLC (NYSE:UL)

E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Unilever PLC (NYSE:ULFree Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 542 shares of the company’s stock, valued at approximately $35,000.

Other hedge funds also recently bought and sold shares of the company. ST Germain D J Co. Inc. lifted its position in shares of Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after purchasing an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC lifted its position in shares of Unilever by 393.5% in the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after purchasing an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of Unilever in the second quarter worth approximately $30,000. Quent Capital LLC purchased a new stake in shares of Unilever in the first quarter worth approximately $28,000. Finally, Jamison Private Wealth Management Inc. lifted its position in shares of Unilever by 202.5% in the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after purchasing an additional 405 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Down 1.1 %

Shares of UL opened at $61.61 on Thursday. The firm’s 50 day moving average price is $63.84 and its 200 day moving average price is $58.51. 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. Shareholders of record on Friday, November 8th will be issued a dividend of $0.4755 per share. This represents a $1.90 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Unilever’s previous quarterly dividend of $0.35.

Wall Street Analyst Weigh In

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

Check Out Our Latest Research Report on Unilever

Unilever Company Profile

(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.

Featured Articles

Want to see what other hedge funds are holding UL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unilever PLC (NYSE:ULFree Report).

Institutional Ownership by Quarter for Unilever (NYSE:UL)

Receive News & Ratings for Unilever Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever and related companies with MarketBeat.com's FREE daily email newsletter.