Pitcairn Co. Has $942,000 Stock Holdings in Unilever PLC (NYSE:UL)

Pitcairn Co. decreased its position in shares of Unilever PLC (NYSE:UL) by 3.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,497 shares of the company’s stock after selling 553 shares during the period. Pitcairn Co.’s holdings in Unilever were worth $942,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. ST Germain D J Co. Inc. raised its stake in shares of Unilever by 423.8% during the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after acquiring an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC increased its stake in Unilever by 393.5% in the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after purchasing an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Unilever in the second quarter valued at $30,000. Webster Bank N. A. increased its position in shares of Unilever by 54.3% during the second quarter. Webster Bank N. A. now owns 617 shares of the company’s stock worth $34,000 after acquiring an additional 217 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Unilever during the third quarter worth about $35,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Trading Up 1.7 %

Shares of UL stock opened at $58.61 on Monday. The company has a 50 day moving average price of $61.86 and a 200-day moving average price of $59.65. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued a $0.4755 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.25%.

Analyst Upgrades and Downgrades

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