Unilever PLC (NYSE:UL) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC lifted its holdings in Unilever PLC (NYSE:UL) by 823.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,704 shares of the company’s stock after purchasing an additional 16,679 shares during the period. Larson Financial Group LLC’s holdings in Unilever were worth $1,215,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 1832 Asset Management L.P. lifted its holdings in shares of Unilever by 13.1% during the first quarter. 1832 Asset Management L.P. now owns 25,191 shares of the company’s stock valued at $1,264,000 after purchasing an additional 2,919 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Unilever by 23.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,141,878 shares of the company’s stock valued at $57,312,000 after buying an additional 214,635 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Unilever by 22.0% in the first quarter. Captrust Financial Advisors now owns 1,025,427 shares of the company’s stock worth $51,466,000 after buying an additional 184,673 shares during the period. Janus Henderson Group PLC increased its position in shares of Unilever by 3.8% in the first quarter. Janus Henderson Group PLC now owns 25,033 shares of the company’s stock worth $1,256,000 after acquiring an additional 915 shares in the last quarter. Finally, Ancora Advisors LLC raised its holdings in shares of Unilever by 1.2% during the first quarter. Ancora Advisors LLC now owns 74,242 shares of the company’s stock valued at $3,726,000 after acquiring an additional 916 shares during the period. 9.67% of the stock is currently owned by institutional investors.

Unilever Stock Up 1.7 %

UL opened at $58.61 on Monday. The business has a 50-day moving average of $61.86 and a 200-day moving average of $59.65. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a dividend of $0.4755 per share. This represents a $1.90 annualized dividend and a yield of 3.25%. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. UBS Group raised Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Unilever presently has a consensus rating of “Hold” and an average target price 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.