Greenwood Capital Associates LLC Has $2.21 Million Stake in Unilever PLC (NYSE:UL)

Greenwood Capital Associates LLC boosted its stake in shares of Unilever PLC (NYSE:UL) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,959 shares of the company’s stock after acquiring an additional 245 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Unilever were worth $2,206,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UL. ST Germain D J Co. Inc. boosted its position in Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after buying an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC boosted its holdings in shares of 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 acquiring an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Unilever in the 2nd quarter worth approximately $30,000. Webster Bank N. A. grew its position in Unilever by 54.3% during the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company’s stock worth $34,000 after acquiring an additional 217 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever during the 3rd quarter valued at $35,000. 9.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Unilever Price Performance

UL opened at $61.31 on Tuesday. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The firm has a 50 day simple moving average of $63.71 and a 200 day simple moving average of $58.90.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be given a $0.4755 dividend. 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 3.10%. 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.