Arvest Investments Inc. Sells 4,383 Shares of Unilever PLC (NYSE:UL)

Arvest Investments Inc. lessened its holdings in Unilever PLC (NYSE:UL) by 11.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,483 shares of the company’s stock after selling 4,383 shares during the quarter. Arvest Investments Inc.’s holdings in Unilever were worth $2,175,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in UL. ST Germain D J Co. Inc. grew its stake 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 valued at $29,000 after buying an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC grew its position in shares of Unilever by 393.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after acquiring an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Unilever during the 3rd quarter worth about $35,000. 1620 Investment Advisors Inc. bought a new stake in shares of Unilever in the 2nd quarter valued at about $30,000. Finally, Jamison Private Wealth Management Inc. lifted its stake in Unilever by 202.5% in the 3rd 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 last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UL shares. UBS Group raised Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and raised their price target for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Finally, TD Cowen began coverage on shares of Unilever in a research note on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price for the company. Three analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $61.75.

Unilever Price Performance

NYSE:UL traded down $0.13 during mid-day trading on Friday, reaching $59.00. 3,283,741 shares of the company’s stock were exchanged, compared to its average volume of 1,686,531. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The business’s fifty day simple moving average is $63.34 and its two-hundred day simple moving average is $59.16.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be given a $0.4755 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.22%. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th.

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.