Avidian Wealth Enterprises LLC Reduces Stake in Unilever PLC (NYSE:UL)

Avidian Wealth Enterprises LLC lessened its stake in shares of Unilever PLC (NYSE:UL) by 7.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,123 shares of the company’s stock after selling 1,502 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Unilever were worth $1,242,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ST Germain D J Co. Inc. boosted its position in shares of Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after purchasing an additional 428 shares during the period. Abich Financial Wealth Management LLC increased its stake in 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 purchasing an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Unilever during the third quarter worth about $35,000. 1620 Investment Advisors Inc. purchased a new position in shares of Unilever in the second quarter valued at approximately $30,000. Finally, Jamison Private Wealth Management Inc. grew 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 in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Down 3.9 %

Shares of NYSE UL opened at $59.27 on Thursday. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The business has a 50-day moving average of $63.56 and a two-hundred day moving average of $59.00.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be paid a dividend of $0.4755 per share. This is a boost from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th. This represents a $1.90 annualized dividend and a yield of 3.21%.

Analyst Ratings Changes

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