Euro Pacific Asset Management LLC Sells 4,977 Shares of Unilever PLC (NYSE:UL)

Euro Pacific Asset Management LLC cut its position in Unilever PLC (NYSE:UL) by 1.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 255,844 shares of the company’s stock after selling 4,977 shares during the quarter. Unilever makes up approximately 3.0% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 13th largest holding. Euro Pacific Asset Management LLC’s holdings in Unilever were worth $16,590,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of UL. Mayflower Financial Advisors LLC lifted its position in Unilever by 4.1% during the second quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock valued at $231,000 after acquiring an additional 167 shares during the last quarter. O Brien Greene & Co. Inc lifted its holdings in shares of Unilever by 2.7% during the 2nd quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock valued at $366,000 after purchasing an additional 174 shares during the last quarter. Crewe Advisors LLC boosted its position in shares of Unilever by 17.3% in the 2nd quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock worth $65,000 after purchasing an additional 175 shares in the last quarter. Bailard Inc. grew its stake in Unilever by 1.2% during the 2nd quarter. Bailard Inc. now owns 15,014 shares of the company’s stock worth $826,000 after buying an additional 179 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in Unilever by 7.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,781 shares of the company’s stock valued at $181,000 after buying an additional 181 shares in the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UL has been the topic of a number of research analyst reports. TD Cowen assumed coverage on Unilever in a research note on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target on the stock. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and upped their price target for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever Stock Performance

Shares of NYSE UL opened at $57.40 on Friday. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87. The company has a 50 day simple moving average of $62.59 and a two-hundred day simple moving average of $59.35.

Unilever Increases Dividend

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

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.