Zions Bancorporation N.A. Has $2.21 Million Holdings in Unilever PLC (NYSE:UL)

Zions Bancorporation N.A. raised its position in shares of Unilever PLC (NYSE:UL) by 60.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 34,042 shares of the company’s stock after purchasing an additional 12,763 shares during the quarter. Zions Bancorporation N.A.’s holdings in Unilever were worth $2,211,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. grew its position in shares of Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after buying an additional 428 shares during the period. Abich Financial Wealth Management LLC grew its position 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 buying an additional 425 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Unilever during the 2nd quarter worth approximately $30,000. Webster Bank N. A. grew its position in shares of Unilever by 54.3% during the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company’s stock worth $34,000 after buying an additional 217 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Unilever during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UL shares. UBS Group upgraded Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Bank of America upgraded 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. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, TD Cowen started coverage on Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Unilever presently has a consensus rating of “Hold” and a consensus target price of $61.75.

Unilever Stock Performance

Shares of NYSE:UL opened at $57.40 on Friday. The stock’s fifty day simple moving average is $62.91 and its two-hundred day simple moving average is $59.32. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be given a dividend of $0.4755 per share. The ex-dividend date is Friday, November 8th. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a dividend yield of 3.31%.

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.