Private Trust Co. NA Decreases Stake in Unilever PLC (NYSE:UL)

Private Trust Co. NA decreased its holdings in Unilever PLC (NYSE:UL) by 6.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 8,677 shares of the company’s stock after selling 572 shares during the quarter. Private Trust Co. NA’s holdings in Unilever were worth $564,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UL. ST Germain D J Co. Inc. boosted 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 buying an additional 428 shares during the period. Abich Financial Wealth Management LLC grew its position in Unilever by 393.5% in the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after acquiring an additional 425 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Unilever during the third quarter valued at approximately $35,000. 1620 Investment Advisors Inc. acquired a new position in shares of Unilever during the second quarter worth $30,000. Finally, Jamison Private Wealth Management Inc. grew its holdings 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 purchasing an additional 405 shares in the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Up 0.6 %

Unilever stock opened at $59.11 on Wednesday. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The company has a fifty day moving average price of $61.61 and a two-hundred day moving average price of $59.73.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be given a dividend of $0.4755 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Friday, November 8th. This is an increase from Unilever’s previous quarterly dividend of $0.35.

Analyst Upgrades and Downgrades

UL has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Finally, UBS Group upgraded Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Unilever presently has a consensus rating of “Hold” and a consensus target price 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.