Caprock Group LLC Has $2.54 Million Stake in Unilever PLC (NYSE:UL)

Caprock Group LLC trimmed its stake in Unilever PLC (NYSE:UL) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,079 shares of the company’s stock after selling 368 shares during the period. Caprock Group LLC’s holdings in Unilever were worth $2,539,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its stake in shares of Unilever by 17.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 73,307 shares of the company’s stock valued at $3,679,000 after acquiring an additional 10,870 shares during the last quarter. Clearbridge Investments LLC raised its position in Unilever by 29.1% in the 1st quarter. Clearbridge Investments LLC now owns 186,247 shares of the company’s stock valued at $9,348,000 after purchasing an additional 41,976 shares during the last quarter. Lake Street Advisors Group LLC raised its position in Unilever by 86.5% in the 1st quarter. Lake Street Advisors Group LLC now owns 12,816 shares of the company’s stock valued at $643,000 after purchasing an additional 5,945 shares during the last quarter. National Bank of Canada FI boosted its stake in Unilever by 10.5% in the first quarter. National Bank of Canada FI now owns 468,677 shares of the company’s stock worth $25,065,000 after purchasing an additional 44,717 shares in the last quarter. Finally, Pitcairn Co. bought a new stake in shares of Unilever during the first quarter worth $663,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Price Performance

UL opened at $57.86 on Wednesday. The firm has a 50 day simple moving average of $62.29 and a 200 day simple moving average of $59.53. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be paid a dividend of $0.4755 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.29%. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th.

Analyst Upgrades and Downgrades

UL has been the topic of several research reports. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. TD Cowen started coverage on shares of Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price on the stock. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a report on Tuesday. Finally, Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and increased their price objective for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Unilever presently has an average rating of “Hold” and a consensus 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.