Unilever PLC (NYSE:UL) Holdings Boosted by Tevis Investment Management

Tevis Investment Management boosted its stake in shares of Unilever PLC (NYSE:UL) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,066 shares of the company’s stock after buying an additional 1,203 shares during the period. Unilever accounts for about 3.9% of Tevis Investment Management’s investment portfolio, making the stock its 5th biggest holding. Tevis Investment Management’s holdings in Unilever were worth $5,331,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. E Fund Management Hong Kong Co. Ltd. purchased a new position in Unilever in the third quarter worth $35,000. Financial Advocates Investment Management grew its stake in shares of Unilever by 8.7% during the third quarter. Financial Advocates Investment Management now owns 4,264 shares of the company’s stock worth $277,000 after acquiring an additional 342 shares during the last quarter. Diversify Wealth Management LLC boosted its stake in Unilever by 1.8% in the 3rd quarter. Diversify Wealth Management LLC now owns 23,768 shares of the company’s stock worth $1,441,000 after purchasing an additional 431 shares in the last quarter. Pinnacle Associates Ltd. grew its position in Unilever by 8.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 42,512 shares of the company’s stock worth $2,762,000 after purchasing an additional 3,138 shares during the last quarter. Finally, Trajan Wealth LLC raised its holdings in shares of Unilever by 15.5% in the third quarter. Trajan Wealth LLC now owns 60,561 shares of the company’s stock worth $3,934,000 after buying an additional 8,137 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

UL opened at $61.61 on Thursday. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The company has a 50-day moving average price of $63.84 and a 200 day moving average price of $58.51.

Unilever Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. TD Cowen started coverage on Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective on the stock. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and boosted their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Finally, UBS Group upgraded shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock 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.