Arete Wealth Advisors LLC Has $338,000 Stock Holdings in Unilever PLC (NYSE:UL)

Arete Wealth Advisors LLC reduced its position in Unilever PLC (NYSE:UL) by 27.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,220 shares of the company’s stock after selling 1,989 shares during the period. Arete Wealth Advisors LLC’s holdings in Unilever were worth $338,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of UL. Wealth Enhancement Advisory Services LLC lifted its stake in Unilever by 1.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 94,587 shares of the company’s stock valued at $5,201,000 after purchasing an additional 1,289 shares during the last quarter. Blue Trust Inc. lifted its stake in Unilever by 47.7% in the 2nd quarter. Blue Trust Inc. now owns 10,754 shares of the company’s stock valued at $540,000 after purchasing an additional 3,475 shares during the last quarter. Signet Investment Advisory Group Inc. lifted its position in Unilever by 6.6% during the second quarter. Signet Investment Advisory Group Inc. now owns 27,239 shares of the company’s stock worth $1,498,000 after acquiring an additional 1,690 shares during the last quarter. Smithbridge Asset Management Inc. DE lifted its position in Unilever by 4.5% during the second quarter. Smithbridge Asset Management Inc. DE now owns 60,390 shares of the company’s stock worth $3,321,000 after acquiring an additional 2,582 shares during the last quarter. Finally, Hedges Asset Management LLC lifted its position in Unilever by 24.6% during the second quarter. Hedges Asset Management LLC now owns 42,300 shares of the company’s stock worth $2,326,000 after acquiring an additional 8,350 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UL has been the subject of several research reports. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Erste Group Bank restated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Finally, Bank of America upgraded shares of 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 research 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 given a buy rating to the company. According to data from MarketBeat.com, Unilever currently has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Stock Up 0.3 %

Shares of 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 firm’s 50 day moving average is $60.26 and its 200-day moving average is $60.10.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were issued a dividend of $0.4755 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a dividend yield of 3.23%.

Unilever Company 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.