Radnor Capital Management LLC Makes New $1.39 Million Investment in Unilever PLC (NYSE:UL)

Radnor Capital Management LLC bought a new stake in shares of Unilever PLC (NYSE:UL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,361 shares of the company’s stock, valued at approximately $1,388,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of UL. ST Germain D J Co. Inc. lifted its stake in Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after purchasing an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC grew its stake in shares of Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after acquiring an additional 425 shares during the period. 1620 Investment Advisors Inc. bought a new position in shares of Unilever during the 2nd quarter worth $30,000. Webster Bank N. A. increased its holdings in Unilever by 54.3% in the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company’s stock worth $34,000 after acquiring an additional 217 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Unilever in the 3rd quarter valued at about $35,000. 9.67% of the stock is owned by institutional investors.

Unilever Stock Performance

Unilever stock opened at $59.27 on Thursday. The business has a 50-day simple moving average of $63.56 and a 200 day simple moving average of $59.00. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Increases Dividend

The business 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 $0.4755 dividend. This is an increase 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%. The ex-dividend date is Friday, November 8th.

Analysts Set New Price Targets

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