Keudell Morrison Wealth Management Reduces Holdings in Unilever PLC (NYSE:UL)

Keudell Morrison Wealth Management lowered its stake in shares of Unilever PLC (NYSE:UL) by 31.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,667 shares of the company’s stock after selling 1,670 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Unilever were worth $238,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fiera Capital Corp lifted its stake in shares of Unilever by 1,866.0% in the 2nd quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock valued at $117,451,000 after purchasing an additional 2,027,221 shares during the last quarter. Equity Investment Corp lifted its stake in shares of Unilever by 107.1% in the 1st quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock valued at $146,091,000 after purchasing an additional 1,505,233 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Unilever by 249.5% in the 2nd quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock valued at $98,204,000 after purchasing an additional 1,248,136 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Unilever by 598.7% in the 2nd quarter. Clearbridge Investments LLC now owns 1,301,239 shares of the company’s stock valued at $71,555,000 after purchasing an additional 1,114,992 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Unilever by 26.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock valued at $241,145,000 after purchasing an additional 911,443 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

UL has been the topic of several research reports. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and increased their target price for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. UBS Group raised Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Finally, TD Cowen initiated coverage on Unilever in a research note on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Unilever currently has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Stock Performance

Shares of NYSE UL opened at $59.59 on Friday. The stock’s 50-day moving average is $63.56 and its two-hundred day moving average is $59.00. Unilever PLC has a 1-year low of $46.46 and a 1-year high of $65.87.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be issued a $0.4755 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.19%. This is an increase 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.