Unilever PLC (NYSE:UL) Shares Sold by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. lessened its stake in Unilever PLC (NYSE:UL) by 23.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 141,900 shares of the company’s stock after selling 42,977 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Unilever were worth $9,218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Diversified Trust Co raised its position in shares of Unilever by 23.3% in the first quarter. Diversified Trust Co now owns 5,754 shares of the company’s stock worth $289,000 after acquiring an additional 1,086 shares during the period. Diversify Advisory Services LLC acquired a new position in shares of Unilever during the 1st quarter worth about $863,000. Mission Wealth Management LP lifted its stake in Unilever by 20.4% in the 1st quarter. Mission Wealth Management LP now owns 6,636 shares of the company’s stock valued at $333,000 after buying an additional 1,125 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Unilever by 5.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,958 shares of the company’s stock worth $2,608,000 after buying an additional 2,833 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Unilever by 3.6% during the first quarter. Janney Montgomery Scott LLC now owns 466,277 shares of the company’s stock valued at $23,402,000 after acquiring an additional 16,280 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UL has been the subject of several research reports. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. TD Cowen began coverage on shares of Unilever in a research note on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective for the company. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Finally, UBS Group upgraded shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Unilever presently has an average rating of “Hold” and a consensus target price of $61.75.

Unilever Stock Performance

NYSE:UL opened at $61.33 on Friday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The company has a fifty day simple moving average of $63.76 and a two-hundred day simple moving average of $58.63.

Unilever Increases Dividend

The business 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 $0.4755 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a yield of 3.10%. This is a positive change from Unilever’s previous quarterly dividend of $0.35.

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.