Verity & Verity LLC Has $227,000 Position in Unilever PLC (NYSE:UL)

Verity & Verity LLC lessened its position in Unilever PLC (NYSE:UL) by 30.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,500 shares of the company’s stock after selling 1,500 shares during the period. Verity & Verity LLC’s holdings in Unilever were worth $227,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. grew its position in shares of Unilever by 423.8% in the 2nd 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 boosted its position 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 valued at $29,000 after purchasing an additional 425 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Unilever during the 3rd quarter valued at about $35,000. 1620 Investment Advisors Inc. bought a new stake in shares of Unilever during the 2nd quarter valued at about $30,000. Finally, Jamison Private Wealth Management Inc. boosted its position in shares of Unilever by 202.5% during 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 in the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Trading Up 0.9 %

UL opened at $57.91 on Tuesday. The business’s 50-day moving average price is $62.44 and its 200-day moving average price is $59.49. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a dividend of $0.4755 per share. This represents a $1.90 annualized dividend and a yield of 3.28%. This is a boost from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, November 8th.

Analysts Set New Price Targets

A number of research firms recently weighed in on UL. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and upped their price target for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. TD Cowen assumed coverage on Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective for the company. Finally, UBS Group raised Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Unilever currently has a consensus rating of “Hold” and an average target price of $61.75.

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.