Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $3.02 Million Position in Unilever PLC (NYSE:UL)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its holdings in shares of Unilever PLC (NYSE:UL) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,511 shares of the company’s stock after selling 357 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Unilever were worth $3,022,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in UL. Quent Capital LLC acquired a new position in Unilever in the first quarter valued at about $28,000. ST Germain D J Co. Inc. boosted its position in Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after buying an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC boosted its position in Unilever by 393.5% in the second 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. acquired a new position in Unilever in the second quarter valued at about $30,000. Finally, Webster Bank N. A. boosted its position in Unilever by 54.3% in the second 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. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Trading Down 1.1 %

Shares of UL traded down $0.69 on Wednesday, reaching $61.60. 185,883 shares of the company’s stock were exchanged, compared to its average volume of 2,604,093. The business has a 50 day moving average price of $63.84 and a two-hundred day moving average price of $58.49. Unilever PLC has a 12 month low of $46.46 and a 12 month high of $65.87.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be paid a dividend of $0.4755 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.09%. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. 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 note on Thursday, August 22nd. TD Cowen assumed coverage on shares of Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price for the company. UBS Group raised shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Finally, StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.