World Investment Advisors LLC Makes New $3.31 Million Investment in Unilever PLC (NYSE:UL)

World Investment Advisors LLC acquired a new stake in Unilever PLC (NYSE:UL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 50,955 shares of the company’s stock, valued at approximately $3,310,000.

A number of other hedge funds have also modified their holdings of the business. Abich Financial Wealth Management LLC grew its holdings in shares of Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after buying an additional 425 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Unilever in the 2nd quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Unilever in the 3rd quarter valued at approximately $35,000. Jamison Private Wealth Management Inc. increased its holdings in shares of Unilever by 202.5% in the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after purchasing an additional 405 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in shares of Unilever during the third quarter worth approximately $40,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on UL shares. Bank of America upgraded 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 report on Thursday, August 22nd. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Finally, StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $61.75.

Unilever Stock Up 0.3 %

NYSE:UL opened at $58.87 on Friday. The firm’s fifty day simple moving average is $60.26 and its 200-day simple moving average is $60.10. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were issued a $0.4755 dividend. The ex-dividend date was 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 3.23%.

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.