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:UL) 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.

Unilever Company 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.