BIP Wealth LLC Buys Shares of 13,867 Unilever PLC (NYSE:UL)

BIP Wealth LLC bought a new position in Unilever PLC (NYSE:UL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,867 shares of the company’s stock, valued at approximately $901,000.

Other institutional investors also recently bought and sold shares of the company. New England Asset Management Inc. boosted its position in shares of Unilever by 0.8% in the third quarter. New England Asset Management Inc. now owns 100,425 shares of the company’s stock worth $6,524,000 after acquiring an additional 755 shares during the last quarter. Nixon Peabody Trust Co. acquired a new position in shares of Unilever in the 3rd quarter valued at about $228,000. Richard C. Young & CO. LTD. purchased a new stake in shares of Unilever during the 3rd quarter worth about $203,000. Thrivent Financial for Lutherans grew its stake in Unilever by 14.8% during the third quarter. Thrivent Financial for Lutherans now owns 15,539 shares of the company’s stock worth $1,009,000 after buying an additional 2,001 shares during the period. Finally, Claro Advisors LLC increased its position in shares of Unilever by 27.9% in the third quarter. Claro Advisors LLC now owns 9,180 shares of the company’s stock worth $596,000 after acquiring an additional 2,005 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UL. UBS Group raised Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. TD Cowen started coverage on shares of Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target on the stock. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Unilever currently has an average rating of “Hold” and a consensus target price of $61.75.

Unilever Trading Up 0.9 %

Unilever stock opened at $57.91 on Tuesday. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The firm has a 50 day simple moving average of $62.44 and a 200-day simple moving average of $59.49.

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 dividend of $0.4755 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.90 annualized dividend and a yield of 3.28%. This is a boost from Unilever’s previous quarterly dividend of $0.35.

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.