New England Asset Management Inc. Acquires 755 Shares of Unilever PLC (NYSE:UL)

New England Asset Management Inc. lifted its holdings in shares of Unilever PLC (NYSE:UL) by 0.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 100,425 shares of the company’s stock after acquiring an additional 755 shares during the quarter. New England Asset Management Inc.’s holdings in Unilever were worth $6,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. ST Germain D J Co. Inc. grew its stake 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 acquiring an additional 428 shares during the period. Abich Financial Wealth Management LLC lifted its position in Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after purchasing an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Unilever in the third quarter worth approximately $35,000. 1620 Investment Advisors Inc. bought a new stake in Unilever in the 2nd quarter worth approximately $30,000. Finally, Jamison Private Wealth Management Inc. raised its stake in Unilever by 202.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after buying an additional 405 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors.

Unilever Trading Up 0.9 %

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

Unilever Increases Dividend

The business also recently announced 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 boost from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.28%.

Analysts Set New Price Targets

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

About Unilever

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.