Peapack Gladstone Financial Corp Cuts Stock Holdings in Unilever PLC (NYSE:UL)

Peapack Gladstone Financial Corp lowered its holdings in Unilever PLC (NYSE:UL) by 7.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 43,877 shares of the company’s stock after selling 3,396 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Unilever were worth $2,850,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Abich Financial Wealth Management LLC raised its stake in Unilever by 393.5% in 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. bought a new position in shares of Unilever in the 2nd quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Unilever during the 3rd quarter worth $35,000. Jamison Private Wealth Management Inc. boosted its position in Unilever by 202.5% during the third 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. Finally, Brooklyn Investment Group purchased a new position in Unilever in the third quarter valued at about $40,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and raised their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Finally, StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $61.75.

Unilever Trading Up 0.3 %

UL stock opened at $58.87 on Friday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The firm has a 50 day moving average of $60.26 and a 200 day moving average of $60.14.

Unilever Increases Dividend

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

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.