Cadence Bank Increases Stake in Unilever PLC (NYSE:UL)

Cadence Bank grew its holdings in Unilever PLC (NYSE:UL) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,093 shares of the company’s stock after acquiring an additional 501 shares during the period. Cadence Bank’s holdings in Unilever were worth $915,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Mayflower Financial Advisors LLC raised its holdings in Unilever by 4.1% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock worth $231,000 after purchasing an additional 167 shares during the period. O Brien Greene & Co. Inc grew its holdings in Unilever by 2.7% during the second quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock valued at $366,000 after purchasing an additional 174 shares during the period. Crewe Advisors LLC increased its position in Unilever by 17.3% in the second quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock worth $65,000 after buying an additional 175 shares in the last quarter. Bailard Inc. raised its stake in shares of Unilever by 1.2% in the second quarter. Bailard Inc. now owns 15,014 shares of the company’s stock worth $826,000 after buying an additional 179 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its position 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 valued at $181,000 after buying an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

NYSE:UL opened at $59.75 on Thursday. The business’s 50-day simple moving average is $61.52 and its two-hundred day simple moving average is $59.73. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.4755 per share. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a yield of 3.18%.

Analyst Upgrades and Downgrades

UL has been the subject of several analyst reports. Erste Group Bank reissued a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Bank of America raised shares of 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 note on Thursday, August 22nd. Finally, StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $61.75.

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.