Unilever PLC (NYSE:UL) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC lessened its stake in Unilever PLC (NYSE:UL) by 38.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,106,036 shares of the company’s stock after selling 3,230,190 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.21% of Unilever worth $331,688,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Abich Financial Wealth Management LLC increased its holdings in shares of Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after buying an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Unilever in the 2nd quarter valued at approximately $30,000. Webster Bank N. A. increased its stake in shares of Unilever by 54.3% in the second quarter. Webster Bank N. A. now owns 617 shares of the company’s stock valued at $34,000 after buying an additional 217 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Unilever during the third quarter valued at about $35,000. Finally, Jamison Private Wealth Management Inc. lifted 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 acquiring an additional 405 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Up 0.1 %

Shares of UL opened at $59.90 on Tuesday. The company has a 50-day simple moving average of $61.34 and a 200-day simple moving average of $59.84. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.18%. This is a boost from Unilever’s previous quarterly dividend of $0.35.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on UL shares. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and raised their price objective for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Erste Group Bank reissued a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.