Weatherly Asset Management L. P. Trims Holdings in Unilever PLC (NYSE:UL)

Weatherly Asset Management L. P. trimmed its position in Unilever PLC (NYSE:UL) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,440 shares of the company’s stock after selling 860 shares during the period. Weatherly Asset Management L. P.’s holdings in Unilever were worth $1,198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UL. Mayflower Financial Advisors LLC lifted its holdings in shares of Unilever by 4.1% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock worth $231,000 after acquiring an additional 167 shares during the period. O Brien Greene & Co. Inc lifted its holdings in shares of Unilever by 2.7% during the 2nd quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock worth $366,000 after acquiring an additional 174 shares during the period. Crewe Advisors LLC lifted its holdings in shares of Unilever by 17.3% during the 2nd quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock worth $65,000 after acquiring an additional 175 shares during the period. Bailard Inc. lifted its holdings in shares of Unilever by 1.2% during the 2nd quarter. Bailard Inc. now owns 15,014 shares of the company’s stock worth $826,000 after acquiring an additional 179 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Unilever by 7.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,781 shares of the company’s stock worth $181,000 after acquiring an additional 181 shares during the period. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Stock Up 0.7 %

Shares of NYSE:UL opened at $61.33 on Friday. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The company has a 50 day moving average of $63.76 and a two-hundred day moving average of $58.63.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a $0.4755 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.90 annualized dividend and a yield of 3.10%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UL. TD Cowen began coverage on shares of Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective on the stock. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and increased their target price for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Finally, UBS Group raised shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.