Kovack Advisors Inc. Sells 205 Shares of Unilever PLC (NYSE:UL)

Kovack Advisors Inc. trimmed its stake in shares of Unilever PLC (NYSE:UL) by 5.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 3,492 shares of the company’s stock after selling 205 shares during the quarter. Kovack Advisors Inc.’s holdings in Unilever were worth $227,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Saturna Capital Corp lifted its position in shares of Unilever by 0.5% during the 3rd quarter. Saturna Capital Corp now owns 574,325 shares of the company’s stock worth $37,308,000 after buying an additional 3,086 shares during the last quarter. Haverford Trust Co lifted its holdings in shares of Unilever by 0.9% in the third quarter. Haverford Trust Co now owns 75,509 shares of the company’s stock worth $4,905,000 after acquiring an additional 679 shares during the last quarter. Aptus Capital Advisors LLC boosted its stake in shares of Unilever by 5.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 6,299 shares of the company’s stock valued at $409,000 after purchasing an additional 349 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in shares of Unilever by 3.7% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 9,847 shares of the company’s stock valued at $640,000 after purchasing an additional 354 shares during the last quarter. Finally, Keystone Financial Services increased its position in Unilever by 7.7% during the 3rd quarter. Keystone Financial Services now owns 11,522 shares of the company’s stock worth $748,000 after purchasing an additional 826 shares in the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Price Performance

UL stock opened at $57.40 on Friday. The stock’s 50 day simple moving average is $62.75 and its 200 day simple moving average is $59.31. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and raised their price target for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. TD Cowen initiated coverage on shares of Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective on the stock. Finally, UBS Group raised Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Unilever currently has an average rating of “Hold” and an average price target of $61.75.

Unilever 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.