Autumn Glory Partners LLC Raises Holdings in Unilever PLC (NYSE:UL)

Autumn Glory Partners LLC boosted its position in Unilever PLC (NYSE:UL) by 19.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,829 shares of the company’s stock after purchasing an additional 12,436 shares during the quarter. Unilever makes up approximately 1.9% of Autumn Glory Partners LLC’s investment portfolio, making the stock its 8th largest holding. Autumn Glory Partners LLC’s holdings in Unilever were worth $5,056,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Patriot Financial Group Insurance Agency LLC increased its position in shares of Unilever by 16.0% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 16,380 shares of the company’s stock worth $1,064,000 after purchasing an additional 2,257 shares in the last quarter. Concord Wealth Partners grew its stake in Unilever by 19.2% during the 3rd quarter. Concord Wealth Partners now owns 1,669 shares of the company’s stock worth $108,000 after buying an additional 269 shares during the last quarter. Smithbridge Asset Management Inc. DE grew its stake in Unilever by 4.6% during the 3rd quarter. Smithbridge Asset Management Inc. DE now owns 63,138 shares of the company’s stock worth $4,101,000 after buying an additional 2,748 shares during the last quarter. Canoe Financial LP acquired a new position in Unilever during the 3rd quarter valued at about $23,488,000. Finally, J.W. Cole Advisors Inc. raised its stake in Unilever by 3.0% in the third quarter. J.W. Cole Advisors Inc. now owns 11,324 shares of the company’s stock valued at $736,000 after buying an additional 334 shares during the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Up 1.5 %

UL stock opened at $62.61 on Tuesday. The firm’s fifty day simple moving average is $63.82 and its 200-day simple moving average is $58.38. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a dividend of $0.4755 per share. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.04%. The ex-dividend date is Friday, November 8th.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. TD Cowen initiated coverage on shares of Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective on the stock. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Finally, Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. 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. According to data from MarketBeat, Unilever currently has a consensus rating of “Hold” and a consensus 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.