Unilever PLC (NYSE:UL) Shares Sold by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC decreased its holdings in Unilever PLC (NYSE:UL) by 6.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 72,965 shares of the company’s stock after selling 5,278 shares during the quarter. Reynders McVeigh Capital Management LLC’s holdings in Unilever were worth $4,740,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC boosted its stake in Unilever by 393.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after purchasing an additional 425 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Unilever during the 2nd quarter valued at $30,000. Webster Bank N. A. boosted its stake in shares of Unilever by 54.3% during the 2nd 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 stake in shares of Unilever during the 3rd quarter valued at $35,000. Finally, Jamison Private Wealth Management Inc. boosted its stake in shares of 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 buying an additional 405 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UL. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Unilever presently has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever Trading Down 0.9 %

Shares of Unilever stock opened at $59.38 on Wednesday. The firm’s 50-day simple moving average is $61.13 and its 200-day simple moving average is $59.92. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be given a dividend of $0.4755 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Friday, November 8th.

About Unilever

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.