Cerity Partners LLC Has $13.32 Million Holdings in Unilever PLC (NYSE:UL)

Cerity Partners LLC raised its stake in Unilever PLC (NYSE:UL) by 22.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 205,049 shares of the company’s stock after buying an additional 37,255 shares during the period. Cerity Partners LLC’s holdings in Unilever were worth $13,320,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Great Valley Advisor Group Inc. grew its holdings in shares of Unilever by 11.1% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 75,714 shares of the company’s stock valued at $4,918,000 after buying an additional 7,581 shares during the period. Nicolet Advisory Services LLC bought a new position in Unilever during the third quarter worth about $214,000. Meridian Wealth Management LLC acquired a new position in Unilever in the third quarter valued at about $3,410,000. Icon Wealth Advisors LLC increased its holdings in shares of Unilever by 7,466.0% in the third quarter. Icon Wealth Advisors LLC now owns 629,569 shares of the company’s stock worth $40,897,000 after acquiring an additional 621,248 shares in the last quarter. Finally, Allen Capital Group LLC raised its position in shares of Unilever by 5.6% during the third quarter. Allen Capital Group LLC now owns 56,260 shares of the company’s stock worth $3,655,000 after purchasing an additional 3,006 shares during the period. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of UL stock opened at $58.78 on Tuesday. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The company’s fifty day simple moving average is $61.73 and its 200-day simple moving average is $59.69.

Unilever Increases Dividend

The firm also recently declared 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. The ex-dividend date is Friday, November 8th. This is a boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.24%.

Analyst Ratings Changes

Several equities analysts recently issued reports on UL shares. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. UBS Group raised shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Finally, StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus 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.