Unilever PLC (NYSE:UL) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC reduced its position in Unilever PLC (NYSE:UL) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,265 shares of the company’s stock after selling 200 shares during the period. KCM Investment Advisors LLC’s holdings in Unilever were worth $2,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. boosted its stake in Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after purchasing an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC lifted its stake in Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after purchasing an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in Unilever in the 2nd quarter valued at about $30,000. Webster Bank N. A. lifted its holdings 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 buying an additional 217 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Unilever in the third quarter valued at $35,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Performance

UL opened at $57.40 on Friday. The company has a 50 day moving average of $62.59 and a two-hundred day moving average of $59.35. Unilever PLC has a 52-week low of $46.46 and a 52-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 issued a $0.4755 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Friday, November 8th. This is a boost from Unilever’s previous quarterly dividend of $0.35.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UL. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. StockNews.com lowered 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 boosted their target price for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. Finally, TD Cowen initiated coverage on Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price on the stock. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Unilever presently has an average 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.