Unilever PLC (NYSE:UL) Shares Sold by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC decreased its holdings in shares of Unilever PLC (NYSE:UL) by 5.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,371 shares of the company’s stock after selling 351 shares during the period. Cornerstone Wealth Group LLC’s holdings in Unilever were worth $414,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Mayflower Financial Advisors LLC lifted its stake in shares of 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 acquiring an additional 167 shares during the period. O Brien Greene & Co. Inc boosted its holdings in Unilever by 2.7% in the 2nd 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 in the last quarter. Crewe Advisors LLC increased its position in 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 purchasing an additional 175 shares during the period. Bailard Inc. raised its stake 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 buying an additional 179 shares in the last quarter. Finally, Gallacher Capital Management LLC lifted its holdings in shares of Unilever by 2.5% in the 2nd quarter. Gallacher Capital Management LLC now owns 7,575 shares of the company’s stock valued at $417,000 after buying an additional 182 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. UBS Group raised Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Bank of America upgraded 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 report on Thursday, August 22nd. TD Cowen assumed coverage on Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective for the company. Finally, StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $61.75.

Unilever Stock Down 1.1 %

NYSE UL opened at $60.91 on Friday. The company has a 50-day moving average of $63.81 and a 200-day moving average of $58.52. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.4755 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a yield of 3.12%. This is an increase from Unilever’s previous quarterly dividend of $0.35.

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.