Commonwealth Equity Services LLC Has $26.07 Million Stock Holdings in Unilever PLC (NYSE:UL)

Commonwealth Equity Services LLC trimmed its holdings in shares of Unilever PLC (NYSE:UL) by 2.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 474,137 shares of the company’s stock after selling 11,008 shares during the period. Commonwealth Equity Services LLC’s holdings in Unilever were worth $26,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Unilever during the 4th quarter valued at $151,263,000. Equity Investment Corp raised its holdings in shares of Unilever by 107.1% during the first quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock worth $146,091,000 after acquiring an additional 1,505,233 shares in the last quarter. Wellington Management Group LLP boosted its position in Unilever by 3.3% during the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock valued at $1,672,275,000 after purchasing an additional 1,114,417 shares during the last quarter. Fisher Asset Management LLC grew its stake in Unilever by 9.6% in the fourth quarter. Fisher Asset Management LLC now owns 10,830,250 shares of the company’s stock valued at $525,051,000 after purchasing an additional 951,446 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in Unilever by 121.3% in the fourth quarter. Corient Private Wealth LLC now owns 1,352,472 shares of the company’s stock valued at $65,568,000 after purchasing an additional 741,363 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UL has been the subject of a number of recent research reports. UBS Group raised Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and increased their price target for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Finally, TD Cowen initiated coverage on shares of Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective for the company. Three 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. Based on data from MarketBeat, Unilever has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Stock Down 0.4 %

NYSE UL opened at $64.79 on Monday. Unilever PLC has a 1 year low of $46.16 and a 1 year high of $65.17. The company has a fifty day simple moving average of $59.31 and a 200 day simple moving average of $54.22.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be issued a dividend of $0.4773 per share. This represents a $1.91 dividend on an annualized basis and a yield of 2.95%. This is a boost from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, August 9th.

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.