Forte Capital LLC ADV Cuts Stock Position in Unilever PLC (NYSE:UL)

Forte Capital LLC ADV lessened its position in shares of Unilever PLC (NYSE:UL) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,206 shares of the company’s stock after selling 836 shares during the quarter. Forte Capital LLC ADV’s holdings in Unilever were worth $2,612,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. ST Germain D J Co. Inc. grew its stake in shares of Unilever by 423.8% during the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after acquiring an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC grew its position in Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after purchasing an additional 425 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in Unilever during the 2nd quarter valued at approximately $30,000. Webster Bank N. A. increased its stake in Unilever by 54.3% during the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company’s stock valued at $34,000 after purchasing an additional 217 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Unilever in the third quarter worth $35,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

NYSE:UL opened at $59.27 on Thursday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The stock’s 50-day moving average price is $63.56 and its 200-day moving average price is $59.00.

Unilever Increases Dividend

The firm also recently disclosed 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 is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Friday, November 8th.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UL. TD Cowen initiated 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 upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. Finally, UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.