World Investment Advisors LLC Takes Position in Unilever PLC (NYSE:UL)

World Investment Advisors LLC acquired a new position in Unilever PLC (NYSE:UL) during the 3rd quarter, Holdings Channel reports. The fund acquired 50,955 shares of the company’s stock, valued at approximately $3,310,000.

A number of other large investors have also recently added to or reduced their stakes in UL. Abich Financial Wealth Management LLC raised its position 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 acquiring an additional 425 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Unilever during the 2nd quarter worth approximately $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Unilever during the 3rd quarter worth approximately $35,000. Jamison Private Wealth Management Inc. lifted its stake in Unilever by 202.5% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after buying an additional 405 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in Unilever in the 3rd quarter valued at approximately $40,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on UL. Erste Group Bank restated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Unilever presently has an average rating of “Hold” and an average target price of $61.75.

Unilever Stock Performance

UL opened at $58.87 on Friday. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The business has a 50-day moving average of $60.26 and a two-hundred day moving average of $60.10.

Unilever Increases Dividend

The business also recently announced 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 yield of 3.23%. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, November 8th.

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.