Aviance Capital Partners LLC Has $1.75 Million Stock Position in Unilever PLC (NYSE:UL)

Aviance Capital Partners LLC trimmed its position in shares of Unilever PLC (NYSE:UL) by 23.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,856 shares of the company’s stock after selling 8,210 shares during the quarter. Aviance Capital Partners LLC’s holdings in Unilever were worth $1,745,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. ST Germain D J Co. Inc. raised its stake in shares of Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after acquiring an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC lifted its stake 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 valued at $29,000 after acquiring an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever in the third quarter worth about $35,000. 1620 Investment Advisors Inc. bought a new stake in Unilever during the 2nd quarter worth about $30,000. Finally, Jamison Private Wealth Management Inc. lifted its position in Unilever by 202.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after purchasing an additional 405 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Price Performance

Shares of UL stock opened at $57.91 on Tuesday. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The firm has a fifty day moving average of $62.44 and a 200-day moving average of $59.49.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be paid a $0.4755 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.90 annualized dividend and a dividend yield of 3.28%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and increased their price target for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. TD Cowen started coverage on Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective for the company. Finally, UBS Group upgraded Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Unilever presently has an average rating of “Hold” and a consensus price target 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.