Unilever PLC (NYSE:UL) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. raised its holdings in Unilever PLC (NYSE:UL) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,663 shares of the company’s stock after purchasing an additional 207 shares during the quarter. First Horizon Advisors Inc.’s holdings in Unilever were worth $498,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in Unilever by 23.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,141,878 shares of the company’s stock valued at $57,312,000 after acquiring an additional 214,635 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Unilever by 16.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock valued at $7,180,000 after purchasing an additional 15,941 shares during the period. Bank of Montreal Can lifted its holdings in shares of Unilever by 249.5% during the second quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock worth $98,204,000 after purchasing an additional 1,248,136 shares during the period. Radnor Capital Management LLC purchased a new position in Unilever in the 3rd quarter valued at $1,388,000. Finally, WCM Investment Management LLC increased its stake in Unilever by 236.2% in the 3rd quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock valued at $1,997,000 after buying an additional 21,441 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Price Performance

Shares of NYSE:UL opened at $57.63 on Friday. The business’s 50 day simple moving average is $61.99 and its 200-day simple moving average is $59.51. 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 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. The ex-dividend date is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.30%. This is a boost from Unilever’s previous quarterly dividend of $0.35.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. StockNews.com downgraded 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. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and increased their target price for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. Finally, UBS Group raised Unilever to a “strong sell” rating in a report on Tuesday, July 30th. 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.