Managed Asset Portfolios LLC Reduces Stock Holdings in Unilever PLC (NYSE:UL)

Managed Asset Portfolios LLC lowered its position in Unilever PLC (NYSE:UL) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,407 shares of the company’s stock after selling 1,773 shares during the period. Unilever makes up approximately 1.7% of Managed Asset Portfolios LLC’s investment portfolio, making the stock its 25th biggest holding. Managed Asset Portfolios LLC’s holdings in Unilever were worth $11,914,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Mayflower Financial Advisors LLC raised its position in Unilever by 4.1% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock valued at $231,000 after purchasing an additional 167 shares in the last quarter. O Brien Greene & Co. Inc grew its holdings in Unilever by 2.7% during the 2nd quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock worth $366,000 after acquiring an additional 174 shares in the last quarter. Crewe Advisors LLC increased its position in Unilever by 17.3% during the 2nd quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock valued at $65,000 after purchasing an additional 175 shares during the period. Bailard Inc. raised its holdings in shares of Unilever by 1.2% in the 2nd quarter. Bailard Inc. now owns 15,014 shares of the company’s stock valued at $826,000 after purchasing an additional 179 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of Unilever by 7.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,781 shares of the company’s stock worth $181,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Erste Group Bank reissued a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. UBS Group raised Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Finally, StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $61.75.

Unilever Stock Performance

Shares of UL stock opened at $58.61 on Friday. The stock’s fifty day moving average price is $61.86 and its 200 day moving average price is $59.60. 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 declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.4755 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.25%.

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.