Unilever PLC (NYSE:UL) Shares Purchased by Prio Wealth Limited Partnership

Prio Wealth Limited Partnership grew its stake in shares of Unilever PLC (NYSE:UL) by 126.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 331,038 shares of the company’s stock after acquiring an additional 185,014 shares during the quarter. Prio Wealth Limited Partnership’s holdings in Unilever were worth $21,504,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Fiera Capital Corp increased its holdings in Unilever by 1,866.0% in the 2nd quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock worth $117,451,000 after buying an additional 2,027,221 shares during the period. Equity Investment Corp increased its holdings in Unilever by 107.1% in the 1st quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock worth $146,091,000 after buying an additional 1,505,233 shares during the period. Bank of Montreal Can increased its holdings in Unilever by 249.5% in the 2nd quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock worth $98,204,000 after buying an additional 1,248,136 shares during the period. Clearbridge Investments LLC boosted its position in Unilever by 598.7% in the 2nd quarter. Clearbridge Investments LLC now owns 1,301,239 shares of the company’s stock worth $71,555,000 after purchasing an additional 1,114,992 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Unilever by 26.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock worth $241,145,000 after purchasing an additional 911,443 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Trading Down 0.7 %

UL traded down $0.46 on Monday, hitting $62.49. 216,121 shares of the company’s stock were exchanged, compared to its average volume of 2,627,503. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $65.87. The firm has a 50-day moving average price of $63.71 and a 200-day moving average price of $57.80.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were paid a dividend of $0.4773 per share. This represents a $1.91 annualized dividend and a yield of 3.06%. The ex-dividend date was Friday, August 9th. This is a boost from Unilever’s previous quarterly dividend of $0.46.

Analysts Set New Price Targets

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

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.