Greenwood Capital Associates LLC Purchases 245 Shares of Unilever PLC (NYSE:UL)

Greenwood Capital Associates LLC grew its holdings in Unilever PLC (NYSE:UL) by 0.7% in the third quarter, HoldingsChannel reports. The fund owned 33,959 shares of the company’s stock after buying an additional 245 shares during the period. Greenwood Capital Associates LLC’s holdings in Unilever were worth $2,206,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of UL. ST Germain D J Co. Inc. raised its stake in Unilever by 423.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after purchasing an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC increased its holdings in shares of Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after purchasing an additional 425 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Unilever in the second quarter valued at approximately $30,000. Webster Bank N. A. boosted its stake in shares of Unilever by 54.3% in the second quarter. Webster Bank N. A. now owns 617 shares of the company’s stock valued at $34,000 after buying an additional 217 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever during the third quarter worth approximately $35,000. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

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

Unilever Trading Down 0.0 %

Shares of Unilever stock opened at $61.31 on Tuesday. The business’s fifty day simple moving average is $63.71 and its 200 day simple moving average is $58.90. 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 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. The ex-dividend date is Friday, November 8th. This represents a $1.90 annualized dividend and a yield of 3.10%. This is a positive change from Unilever’s previous quarterly dividend of $0.35.

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.