Arkadios Wealth Advisors Has $421,000 Stock Position in Unilever PLC (NYSE:UL)

Arkadios Wealth Advisors lifted its stake in shares of Unilever PLC (NYSE:UL) by 55.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,481 shares of the company’s stock after buying an additional 2,325 shares during the period. Arkadios Wealth Advisors’ holdings in Unilever were worth $421,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fiera Capital Corp boosted 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 buying an additional 2,027,221 shares in the last quarter. Equity Investment Corp boosted its stake in Unilever by 107.1% in 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 in the last quarter. Bank of Montreal Can boosted its stake in Unilever by 249.5% in the second quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock valued at $98,204,000 after buying an additional 1,248,136 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Unilever by 598.7% in the second quarter. Clearbridge Investments LLC now owns 1,301,239 shares of the company’s stock valued at $71,555,000 after buying an additional 1,114,992 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Unilever by 26.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock valued at $241,145,000 after buying an additional 911,443 shares in the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Stock Down 1.1 %

Unilever stock opened at $61.61 on Thursday. The stock’s 50 day moving average is $63.84 and its 200 day moving average is $58.51. Unilever PLC has a one year low of $46.46 and a one year high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be paid a $0.4755 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Friday, November 8th.

Analyst Ratings Changes

Several analysts recently weighed in on the company. TD Cowen assumed coverage on Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective on the stock. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and lifted their price target for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Finally, UBS Group raised Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.