River Road Asset Management LLC Has $35.60 Million Position in Unilever PLC (NYSE:UL)

River Road Asset Management LLC trimmed its stake in shares of Unilever PLC (NYSE:UL) by 14.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 548,011 shares of the company’s stock after selling 93,220 shares during the quarter. River Road Asset Management LLC’s holdings in Unilever were worth $35,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in UL. ST Germain D J Co. Inc. boosted its position in 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 grew its stake in 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 Unilever during the second quarter worth approximately $30,000. Webster Bank N. A. increased its holdings in Unilever by 54.3% in the second quarter. Webster Bank N. A. now owns 617 shares of the company’s stock worth $34,000 after purchasing an additional 217 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Unilever in the third quarter valued at approximately $35,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Price Performance

NYSE:UL opened at $61.23 on Tuesday. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The firm has a 50-day moving average of $63.71 and a 200-day moving average of $58.90.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.4755 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Friday, November 8th.

Analyst Ratings Changes

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

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.