Unilever PLC (NYSE:UL) Stock Holdings Increased by Rhumbline Advisers

Rhumbline Advisers lifted its position in Unilever PLC (NYSE:UL) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,706 shares of the company’s stock after acquiring an additional 704 shares during the period. Rhumbline Advisers’ holdings in Unilever were worth $3,118,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in UL. Norges Bank purchased a new position in Unilever during the fourth quarter valued at approximately $151,263,000. Equity Investment Corp boosted its holdings in shares of Unilever by 107.1% during 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. Wellington Management Group LLP boosted its holdings in shares of Unilever by 3.3% during the 4th quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock worth $1,672,275,000 after buying an additional 1,114,417 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Unilever by 9.6% during the 4th quarter. Fisher Asset Management LLC now owns 10,830,250 shares of the company’s stock worth $525,051,000 after buying an additional 951,446 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in shares of Unilever by 121.3% during the 4th quarter. Corient Private Wealth LLC now owns 1,352,472 shares of the company’s stock worth $65,568,000 after buying an additional 741,363 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on UL shares. Redburn Atlantic raised shares of Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and increased their target price for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Saturday, August 3rd. Finally, TD Cowen began coverage on shares of Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price for the company. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $61.75.

Unilever Stock Performance

UL opened at $64.84 on Wednesday. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $65.86. The firm has a 50-day moving average price of $61.64 and a two-hundred day moving average price of $55.48.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were paid a $0.4773 dividend. This represents a $1.91 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Friday, August 9th. This is a positive change from Unilever’s previous quarterly dividend of $0.46.

About Unilever

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.