Frisch Financial Group Inc. Cuts Stock Position in Unilever PLC (NYSE:UL)

Frisch Financial Group Inc. trimmed its position in shares of Unilever PLC (NYSE:UL) by 33.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,622 shares of the company’s stock after selling 1,833 shares during the quarter. Frisch Financial Group Inc.’s holdings in Unilever were worth $235,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in shares of Unilever by 16.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock worth $7,180,000 after acquiring an additional 15,941 shares in the last quarter. Verition Fund Management LLC purchased a new position in Unilever in the third quarter worth $11,694,000. Bank of Montreal Can increased its position in shares of Unilever by 249.5% during the second quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock worth $98,204,000 after purchasing an additional 1,248,136 shares in the last quarter. WCM Investment Management LLC lifted its holdings in shares of Unilever by 236.2% during the 3rd quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock valued at $1,997,000 after purchasing an additional 21,441 shares during the last quarter. Finally, Radnor Capital Management LLC acquired a new stake in shares of Unilever in the 3rd quarter worth $1,388,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UL has been the subject of several recent analyst reports. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, Bank of America raised 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. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $61.75.

Unilever Trading Down 0.3 %

Shares of NYSE:UL opened at $58.87 on Tuesday. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The company’s 50 day moving average is $60.65 and its 200 day moving average is $60.06.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were paid a $0.4755 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.23%. This is a positive change from Unilever’s previous quarterly dividend of $0.35.

Unilever 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.