Clark Estates Inc. NY Cuts Stock Position in Unilever PLC (NYSE:UL)

Clark Estates Inc. NY decreased its position in Unilever PLC (NYSE:UL) by 37.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 235,000 shares of the company’s stock after selling 140,000 shares during the quarter. Unilever makes up 2.8% of Clark Estates Inc. NY’s portfolio, making the stock its 7th biggest position. Clark Estates Inc. NY’s holdings in Unilever were worth $15,266,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in shares of Unilever by 23.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,141,878 shares of the company’s stock worth $57,312,000 after purchasing an additional 214,635 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Unilever by 3.8% in the first quarter. Janus Henderson Group PLC now owns 25,033 shares of the company’s stock worth $1,256,000 after acquiring an additional 915 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Unilever by 18.2% during the first quarter. B. Riley Wealth Advisors Inc. now owns 29,547 shares of the company’s stock valued at $1,460,000 after acquiring an additional 4,549 shares in the last quarter. Tidal Investments LLC raised its position in shares of Unilever by 2.4% in the 1st quarter. Tidal Investments LLC now owns 14,871 shares of the company’s stock worth $746,000 after purchasing an additional 347 shares during the last quarter. Finally, Hancock Whitney Corp bought a new position in Unilever in the 1st quarter worth about $223,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and upped their price target for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. UBS Group upgraded Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever Price Performance

NYSE:UL opened at $59.11 on Wednesday. The business’s 50-day simple moving average is $61.61 and its two-hundred day simple moving average is $59.73. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Increases Dividend

The business also recently announced 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 annualized dividend and a yield of 3.22%. This is a boost from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, November 8th.

About Unilever

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.