Sanctuary Advisors LLC Cuts Stock Holdings in Unilever PLC (NYSE:UL)

Sanctuary Advisors LLC lessened its stake in Unilever PLC (NYSE:UL) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,510 shares of the company’s stock after selling 1,199 shares during the quarter. Sanctuary Advisors LLC’s holdings in Unilever were worth $6,789,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in UL. Abich Financial Wealth Management LLC lifted 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 valued at $29,000 after buying an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Unilever in the 2nd quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever in the 3rd quarter valued at $35,000. Jamison Private Wealth Management Inc. raised its position in Unilever by 202.5% in the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after purchasing an additional 405 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Unilever during the third quarter worth about $40,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Performance

UL stock opened at $58.87 on Friday. The stock’s 50 day moving average is $60.26 and its two-hundred day moving average is $60.14. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were issued a $0.4755 dividend. The ex-dividend date 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 yield of 3.23%.

Wall Street Analyst Weigh In

UL has been the topic of several analyst reports. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Finally, Erste Group Bank restated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Two 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $61.75.

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.