WCM Investment Management LLC Has $2 Million Stock Holdings in Unilever PLC (NYSE:UL)

WCM Investment Management LLC lifted its stake in shares of Unilever PLC (NYSE:UL) by 236.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,520 shares of the company’s stock after purchasing an additional 21,441 shares during the period. WCM Investment Management LLC’s holdings in Unilever were worth $1,997,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in UL. ST Germain D J Co. Inc. lifted its position 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 during the last quarter. Abich Financial Wealth Management LLC raised its stake in 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 stake in Unilever during the 3rd quarter valued at $35,000. 1620 Investment Advisors Inc. bought a new position in Unilever during the second quarter worth $30,000. Finally, Jamison Private Wealth Management Inc. increased 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 during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

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

Unilever Price Performance

Shares of NYSE:UL opened at $58.23 on Tuesday. The business’s 50 day simple moving average is $63.34 and its 200 day simple moving average is $59.24. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87.

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 issued a dividend of $0.4755 per share. The ex-dividend date is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.27%. This is a boost from Unilever’s previous quarterly dividend of $0.35.

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.