Integrated Wealth Concepts LLC Sells 867 Shares of Unilever PLC (NYSE:UL)

Integrated Wealth Concepts LLC decreased its holdings in Unilever PLC (NYSE:UL) by 6.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,799 shares of the company’s stock after selling 867 shares during the period. Integrated Wealth Concepts LLC’s holdings in Unilever were worth $766,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its position in shares of Unilever by 1.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 94,587 shares of the company’s stock worth $5,201,000 after acquiring an additional 1,289 shares during the last quarter. Great Valley Advisor Group Inc. raised its holdings in Unilever by 8.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 68,133 shares of the company’s stock worth $3,747,000 after purchasing an additional 5,325 shares during the last quarter. V Square Quantitative Management LLC lifted its position in shares of Unilever by 3.6% in the 2nd quarter. V Square Quantitative Management LLC now owns 5,772 shares of the company’s stock worth $318,000 after purchasing an additional 198 shares during the period. Oak Ridge Investments LLC boosted its stake in shares of Unilever by 4.8% in the 2nd quarter. Oak Ridge Investments LLC now owns 102,658 shares of the company’s stock valued at $5,645,000 after purchasing an additional 4,711 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its position in shares of Unilever by 9.0% during the second quarter. AdvisorNet Financial Inc now owns 5,033 shares of the company’s stock worth $277,000 after buying an additional 417 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Trading Down 0.3 %

Shares of NYSE:UL opened at $58.87 on Tuesday. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The business’s 50 day simple moving average is $60.65 and its two-hundred day simple moving average is $60.06.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were given a $0.4755 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.90 annualized dividend and a yield of 3.23%. This is an increase from Unilever’s previous quarterly dividend of $0.35.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Bank of America raised 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 note on Thursday, August 22nd. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.75.

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.