Unilever PLC (NYSE:UL) Stock Holdings Boosted by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC raised its position in Unilever PLC (NYSE:UL) by 7,466.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 629,569 shares of the company’s stock after buying an additional 621,248 shares during the quarter. Unilever comprises about 1.5% of Icon Wealth Advisors LLC’s holdings, making the stock its 9th largest position. Icon Wealth Advisors LLC’s holdings in Unilever were worth $40,897,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ST Germain D J Co. Inc. lifted its holdings in Unilever by 423.8% during the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after purchasing an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC lifted its stake 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 buying an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in Unilever in the 2nd quarter worth approximately $30,000. Webster Bank N. A. grew its stake in Unilever by 54.3% in the 2nd quarter. Webster Bank N. A. now owns 617 shares of the company’s stock valued at $34,000 after buying an additional 217 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in Unilever in the 3rd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of NYSE UL opened at $57.63 on Friday. The business has a 50-day moving average of $61.99 and a 200-day moving average of $59.51. Unilever PLC has a 12 month low of $46.46 and a 12 month 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 paid a $0.4755 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Friday, November 8th. This is a boost from Unilever’s previous quarterly dividend of $0.35.

Analysts Set New Price Targets

A number of research firms have recently commented on UL. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and raised their price target for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Erste Group Bank restated a “hold” rating on shares of Unilever in a research note on Tuesday. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, UBS Group upgraded shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.