Ingalls & Snyder LLC Lowers Stake in Unilever PLC (NYSE:UL)

Ingalls & Snyder LLC cut its holdings in Unilever PLC (NYSE:UL) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 363,986 shares of the company’s stock after selling 3,015 shares during the quarter. Unilever makes up about 0.9% of Ingalls & Snyder LLC’s investment portfolio, making the stock its 26th largest position. Ingalls & Snyder LLC’s holdings in Unilever were worth $23,645,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC increased its holdings 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 valued at $29,000 after purchasing an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Unilever during the 2nd quarter worth $30,000. Webster Bank N. A. boosted its stake in 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 purchasing an additional 217 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever during the 3rd quarter worth $35,000. Finally, Jamison Private Wealth Management Inc. boosted its stake in Unilever by 202.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after purchasing an additional 405 shares during the last quarter. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Down 0.7 %

UL traded down $0.42 on Tuesday, hitting $59.49. The company had a trading volume of 327,410 shares, compared to its average volume of 2,571,692. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The company’s fifty day moving average price is $61.34 and its 200 day moving average price is $59.84.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued a $0.4755 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.20%. The ex-dividend date is Friday, November 8th.

Analyst Ratings Changes

Several brokerages have issued reports on UL. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Finally, Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and boosted their price target for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $61.75.

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.