Bridgewater Advisors Inc. Buys 262 Shares of Unilever PLC (NYSE:UL)

Bridgewater Advisors Inc. boosted its position in Unilever PLC (NYSE:UL) by 1.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,582 shares of the company’s stock after buying an additional 262 shares during the quarter. Bridgewater Advisors Inc.’s holdings in Unilever were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

UL has been the topic of several recent analyst reports. 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 lifted their target price for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. TD Cowen initiated coverage on Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target on the stock. Finally, StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Three equities 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 company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $61.75.

Unilever Stock Down 3.9 %

UL stock opened at $59.27 on Thursday. The stock’s 50 day simple moving average is $63.56 and its 200 day simple moving average is $59.00. 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 announced 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 is Friday, November 8th. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a yield of 3.21%.

Unilever Company 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.