Connor Clark & Lunn Investment Management Ltd. Purchases New Stake in Unilever PLC (NYSE:UL)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Unilever PLC (NYSE:UL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 171,384 shares of the company’s stock, valued at approximately $11,133,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ST Germain D J Co. Inc. raised its stake in Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after buying an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of Unilever by 393.5% in 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 during the period. 1620 Investment Advisors Inc. bought a new stake in shares of Unilever during the second quarter valued at approximately $30,000. Webster Bank N. A. grew its stake in Unilever by 54.3% in the second 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 period. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in Unilever during the third quarter valued at $35,000. 9.67% of the stock is owned by institutional investors.

Unilever Trading Up 0.1 %

NYSE UL opened at $57.63 on Friday. The stock has a 50-day moving average of $61.99 and a 200 day moving average of $59.51. Unilever PLC has a one year low of $46.46 and a one year high of $65.87.

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 given a dividend of $0.4755 per share. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a yield of 3.30%.

Analyst Ratings Changes

Several research firms recently commented on UL. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday. UBS Group raised Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. Finally, StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report 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 given a buy rating to the stock. Based on data from MarketBeat, Unilever currently has an average rating of “Hold” and an average target price 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.