Oppenheimer & Co. Inc. Has $3.26 Million Holdings in Unilever PLC (NYSE:UL)

Oppenheimer & Co. Inc. trimmed its position in Unilever PLC (NYSE:UL) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,214 shares of the company’s stock after selling 3,029 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Unilever were worth $3,262,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UL. ST Germain D J Co. Inc. boosted its holdings in Unilever by 423.8% during 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 in the last quarter. Abich Financial Wealth Management LLC raised its holdings 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 worth $29,000 after buying an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Unilever during the 2nd quarter worth approximately $30,000. Webster Bank N. A. boosted its stake in Unilever by 54.3% in the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company’s stock valued at $34,000 after buying an additional 217 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Unilever in the third quarter valued at $35,000. 9.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Unilever Price Performance

NYSE:UL opened at $57.40 on Friday. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The business’s 50-day moving average price is $62.75 and its two-hundred day moving average price is $59.31.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors 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 3.31%. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, November 8th.

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.