Berry Wealth Group LP Invests $239,000 in Unilever PLC (NYSE:UL)

Berry Wealth Group LP acquired a new stake in Unilever PLC (NYSE:UL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,679 shares of the company’s stock, valued at approximately $239,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in Unilever by 26.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock valued at $241,145,000 after acquiring an additional 911,443 shares during the last quarter. Lazard Asset Management LLC grew its stake in Unilever by 19.3% during the 1st quarter. Lazard Asset Management LLC now owns 4,132,640 shares of the company’s stock worth $207,416,000 after buying an additional 668,913 shares during the last quarter. Equity Investment Corp boosted its holdings in shares of Unilever by 107.1% in the first quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock valued at $146,091,000 after acquiring an additional 1,505,233 shares during the period. Saratoga Research & Investment Management grew its position in shares of Unilever by 0.8% during the second quarter. Saratoga Research & Investment Management now owns 2,767,207 shares of the company’s stock worth $152,169,000 after acquiring an additional 22,325 shares during the last quarter. Finally, Fiera Capital Corp grew its position in shares of Unilever by 1,866.0% during the second quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock worth $117,451,000 after acquiring an additional 2,027,221 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Ratings Changes

UL has been the subject of several research reports. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. TD Cowen assumed coverage on Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target on the stock. Finally, Bank of America raised Unilever from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Price Performance

NYSE:UL traded down $0.62 during mid-day trading on Monday, reaching $62.33. The stock had a trading volume of 441,209 shares, compared to its average volume of 2,628,612. The business has a 50 day simple moving average of $63.71 and a 200 day simple moving average of $57.80. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $65.87.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were paid a $0.4773 dividend. The ex-dividend date of this dividend was Friday, August 9th. This is an increase from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.06%.

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.