SpiderRock Advisors LLC Buys 8,111 Shares of Unilever PLC (NYSE:UL)

SpiderRock Advisors LLC raised its stake in Unilever PLC (NYSE:UL) by 24.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 41,973 shares of the company’s stock after purchasing an additional 8,111 shares during the quarter. SpiderRock Advisors LLC’s holdings in Unilever were worth $2,727,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in UL. ST Germain D J Co. Inc. boosted its holdings in shares of Unilever by 423.8% during the 2nd 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 grew its holdings in Unilever by 393.5% in the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after purchasing an additional 425 shares during the period. 1620 Investment Advisors Inc. bought a new position in shares of Unilever during the second quarter valued at approximately $30,000. Webster Bank N. A. lifted its holdings in shares of Unilever by 54.3% during the second quarter. Webster Bank N. A. now owns 617 shares of the company’s stock valued at $34,000 after purchasing an additional 217 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Unilever in the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Down 0.2 %

Shares of UL opened at $59.00 on Friday. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The business has a fifty day moving average of $63.34 and a 200 day moving average of $59.08.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued a $0.4755 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.90 annualized dividend and a dividend yield of 3.22%. This is a positive change from Unilever’s previous quarterly dividend of $0.35.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UL. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. TD Cowen started coverage on shares of Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target on the stock. Finally, UBS Group upgraded shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Company 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.