M&T Bank Corp Has $41.54 Million Stake in Unilever PLC (NYSE:UL)

M&T Bank Corp lifted its stake in shares of Unilever PLC (NYSE:UL) by 0.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 639,518 shares of the company’s stock after acquiring an additional 4,398 shares during the period. M&T Bank Corp’s holdings in Unilever were worth $41,543,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Guardian Wealth Management Inc. increased its holdings in shares of Unilever by 2.3% during the third quarter. Guardian Wealth Management Inc. now owns 26,567 shares of the company’s stock valued at $1,726,000 after acquiring an additional 587 shares in the last quarter. Abel Hall LLC bought a new stake in Unilever during the 3rd quarter valued at $229,000. Barclays PLC increased its stake in Unilever by 77.1% during the 3rd quarter. Barclays PLC now owns 2,199 shares of the company’s stock valued at $144,000 after purchasing an additional 957 shares in the last quarter. Drucker Wealth 3.0 LLC raised its holdings in Unilever by 2.0% during the third quarter. Drucker Wealth 3.0 LLC now owns 15,097 shares of the company’s stock worth $981,000 after buying an additional 300 shares during the last quarter. Finally, SGL Investment Advisors Inc. bought a new position in shares of Unilever in the third quarter valued at $3,563,000. 9.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on UL shares. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and raised their price target for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $61.75.

Unilever Stock Performance

UL opened at $58.87 on Tuesday. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The firm has a 50-day moving average of $60.65 and a 200 day moving average of $60.06.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were issued a $0.4755 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Friday, November 8th. This is a boost 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.