Unilever PLC (NYSE:UL) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in Unilever PLC (NYSE:UL) by 26.0% during the third quarter, HoldingsChannel.com reports. The fund owned 151,027 shares of the company’s stock after acquiring an additional 31,186 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Unilever were worth $9,811,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in UL. Abich Financial Wealth Management LLC grew its holdings in shares of 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 buying an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in Unilever during the second quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Unilever in the 3rd quarter valued at about $35,000. Jamison Private Wealth Management Inc. boosted its position in shares of Unilever by 202.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after purchasing an additional 405 shares during the period. Finally, Coastline Trust Co purchased a new stake in shares of Unilever in the 3rd quarter valued at $48,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Trading Down 0.3 %

NYSE:UL opened at $58.87 on Tuesday. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87. The firm’s fifty day moving average price is $60.65 and its 200 day moving average price is $60.06.

Unilever Increases Dividend

The company 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 represents a $1.90 dividend on an annualized basis and a dividend yield of 3.23%. This is a boost from Unilever’s previous quarterly dividend of $0.35.

Analyst Upgrades and Downgrades

UL has been the subject of several analyst reports. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. Erste Group Bank reissued a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Finally, StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on 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.