International Assets Investment Management LLC Makes New $11.91 Million Investment in Unilever PLC (NYSE:UL)

International Assets Investment Management LLC purchased a new position in shares of Unilever PLC (NYSE:UL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 183,306 shares of the company’s stock, valued at approximately $11,908,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in shares of Unilever by 26.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock worth $241,145,000 after buying an additional 911,443 shares in the last quarter. Lazard Asset Management LLC raised its position in Unilever by 19.3% during the first quarter. Lazard Asset Management LLC now owns 4,132,640 shares of the company’s stock valued at $207,416,000 after buying an additional 668,913 shares during the period. Equity Investment Corp raised its position in Unilever by 107.1% during the first quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock valued at $146,091,000 after buying an additional 1,505,233 shares during the period. Saratoga Research & Investment Management grew its stake in Unilever by 0.8% in the second quarter. Saratoga Research & Investment Management now owns 2,767,207 shares of the company’s stock valued at $152,169,000 after purchasing an additional 22,325 shares in the last quarter. Finally, Fiera Capital Corp grew its stake in Unilever by 1,866.0% in the second quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock valued at $117,451,000 after purchasing an additional 2,027,221 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Trading Down 1.1 %

Shares of UL opened at $61.61 on Thursday. The business’s fifty day moving average price is $63.84 and its two-hundred day moving average price is $58.51. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Increases Dividend

The company 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 $0.4755 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.09%. This is a positive change from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th.

Wall Street Analyst Weigh In

A number of research analysts have commented on UL shares. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. TD Cowen assumed coverage on Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target for the company. UBS Group raised Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, Bank of America raised 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 report on Thursday, August 22nd. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.