Unilever PLC (NYSE:UL) Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lessened its holdings in shares of Unilever PLC (NYSE:UL) by 63.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,828 shares of the company’s stock after selling 8,373 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Unilever were worth $314,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Red Tortoise LLC acquired a new stake in shares of Unilever in the first quarter valued at approximately $26,000. ST Germain D J Co. Inc. increased its stake in shares of Unilever by 423.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after acquiring an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC raised its holdings in shares of Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after acquiring an additional 425 shares during the period. 1620 Investment Advisors Inc. acquired a new position in shares of Unilever during the 2nd quarter valued at about $30,000. Finally, Quent Capital LLC acquired a new position in shares of Unilever during the 1st quarter valued at about $28,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on UL shares. UBS Group raised shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. TD Cowen assumed coverage on shares of Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target on the stock. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Finally, Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and lifted their target price for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.75.

Unilever Trading Up 1.5 %

Unilever stock opened at $62.61 on Tuesday. The firm has a 50 day moving average price of $63.82 and a 200 day moving average price of $58.38. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued a $0.4755 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Unilever’s previous quarterly dividend of $0.35.

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.