Boston Family Office LLC Sells 387 Shares of Unilever PLC (NYSE:UL)

Boston Family Office LLC decreased its stake in Unilever PLC (NYSE:UL) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,511 shares of the company’s stock after selling 387 shares during the quarter. Boston Family Office LLC’s holdings in Unilever were worth $228,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in UL. ST Germain D J Co. Inc. boosted its holdings in Unilever by 423.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after buying an additional 428 shares during the period. Abich Financial Wealth Management LLC boosted its stake in shares of 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 acquiring an additional 425 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of Unilever during the second quarter worth about $30,000. Webster Bank N. A. raised its stake in Unilever by 54.3% during the 2nd 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 period. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in Unilever in the 3rd quarter worth approximately $35,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Price Performance

Shares of UL stock opened at $58.78 on Tuesday. The stock has a 50 day moving average price of $61.73 and a 200 day moving average price of $59.69. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87.

Unilever Increases Dividend

The business also recently declared 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 is a boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.24%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UL. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Erste Group Bank restated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Finally, Bank of America upgraded 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 report on Thursday, August 22nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.