Nixon Peabody Trust Co. Invests $228,000 in Unilever PLC (NYSE:UL)

Nixon Peabody Trust Co. bought a new stake in Unilever PLC (NYSE:UL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,512 shares of the company’s stock, valued at approximately $228,000.

Several other large investors have also recently bought and sold shares of the business. ST Germain D J Co. Inc. boosted its position in shares of Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after acquiring an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC lifted its stake 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 purchasing an additional 425 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in Unilever in the second quarter valued at approximately $30,000. Webster Bank N. A. increased its stake in Unilever by 54.3% in the second quarter. Webster Bank N. A. now owns 617 shares of the company’s stock valued at $34,000 after purchasing an additional 217 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever during the third quarter worth approximately $35,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

UL has been the subject of several research analyst reports. UBS Group upgraded shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, TD Cowen assumed coverage on Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Unilever currently has an average rating of “Hold” and an average target price of $61.75.

Unilever Price Performance

Shares of UL traded up $0.05 during mid-day trading on Monday, hitting $57.45. 364,997 shares of the company’s stock were exchanged, compared to its average volume of 2,577,825. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The business’s 50 day moving average is $62.59 and its two-hundred day moving average is $59.45.

Unilever Increases Dividend

The business also recently disclosed 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 represents a $1.90 dividend on an annualized basis and a yield of 3.31%. This is a boost from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is 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.