River Street Advisors LLC Lowers Stock Position in Unilever PLC (NYSE:UL)

River Street Advisors LLC lessened its position in shares of Unilever PLC (NYSE:UL) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,273 shares of the company’s stock after selling 221 shares during the quarter. River Street Advisors LLC’s holdings in Unilever were worth $927,000 as of its most recent SEC filing.

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

Unilever Stock Performance

Shares of NYSE UL remained flat at $57.40 during midday trading on Friday. 2,057,759 shares of the stock traded hands, compared to its average volume of 2,587,792. The company’s 50-day moving average price is $62.59 and its two-hundred day moving average price is $59.35. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87.

Unilever Increases Dividend

The company also recently declared 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. The ex-dividend date 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

Several equities analysts have issued reports on UL shares. TD Cowen assumed coverage on shares of Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective on the stock. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and increased their target price for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. Finally, UBS Group upgraded shares of 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 issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $61.75.

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.