Alerus Financial NA Has $8.90 Million Stock Position in Unilever PLC (NYSE:UL)

Alerus Financial NA cut its stake in shares of Unilever PLC (NYSE:UL) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,001 shares of the company’s stock after selling 7,358 shares during the period. Alerus Financial NA’s holdings in Unilever were worth $8,900,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in Unilever by 3.8% during the 1st quarter. Janus Henderson Group PLC now owns 25,033 shares of the company’s stock worth $1,256,000 after acquiring an additional 915 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Unilever by 2.4% in the 1st quarter. Tidal Investments LLC now owns 14,871 shares of the company’s stock valued at $746,000 after buying an additional 347 shares during the period. Cetera Investment Advisers raised its stake in Unilever by 213.6% during the 1st quarter. Cetera Investment Advisers now owns 277,679 shares of the company’s stock worth $13,937,000 after buying an additional 189,121 shares during the period. Cetera Advisors LLC raised its stake in Unilever by 199.4% during the 1st quarter. Cetera Advisors LLC now owns 80,556 shares of the company’s stock worth $4,043,000 after buying an additional 53,651 shares during the period. Finally, Transcend Capital Advisors LLC lifted its holdings in Unilever by 59.0% during the second quarter. Transcend Capital Advisors LLC now owns 14,040 shares of the company’s stock worth $772,000 after acquiring an additional 5,208 shares in the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Up 0.2 %

NYSE:UL opened at $59.84 on Friday. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The business has a 50 day moving average price of $61.34 and a two-hundred day moving average price of $59.81.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued a dividend of $0.4755 per share. This is a boost from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th. This represents a $1.90 annualized dividend and a yield of 3.18%.

Analysts Set New Price Targets

UL has been the subject of several research analyst reports. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Unilever has an average rating of “Hold” and an average target price of $61.75.

Unilever Company 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.