Unilever PLC (NYSE:UL) Shares Sold by Gentry Private Wealth LLC

Gentry Private Wealth LLC reduced its position in Unilever PLC (NYSE:UL) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,759 shares of the company’s stock after selling 257 shares during the quarter. Gentry Private Wealth LLC’s holdings in Unilever were worth $374,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its stake in shares of Unilever by 2.8% in the 1st quarter. Advisors Asset Management Inc. now owns 53,233 shares of the company’s stock worth $2,672,000 after acquiring an additional 1,434 shares during the last quarter. 1832 Asset Management L.P. increased its stake in shares of Unilever by 13.1% in the 1st quarter. 1832 Asset Management L.P. now owns 25,191 shares of the company’s stock worth $1,264,000 after acquiring an additional 2,919 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Unilever in the 1st quarter worth $86,000. Price T Rowe Associates Inc. MD increased its stake in shares of Unilever by 23.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,141,878 shares of the company’s stock worth $57,312,000 after acquiring an additional 214,635 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC increased its stake in shares of Unilever by 1.7% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 28,258 shares of the company’s stock worth $1,418,000 after acquiring an additional 460 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on UL shares. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and raised their target price for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Finally, UBS Group upgraded Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever Trading Up 1.7 %

NYSE UL opened at $58.61 on Friday. The stock has a fifty day simple moving average of $61.86 and a 200-day simple moving average of $59.60. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued a dividend of $0.4755 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.25%. This is a boost from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is 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.