Atria Investments Inc Sells 13,027 Shares of Unilever PLC (NYSE:UL)

Atria Investments Inc lessened its position in Unilever PLC (NYSE:UL) by 20.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,632 shares of the company’s stock after selling 13,027 shares during the period. Atria Investments Inc’s holdings in Unilever were worth $3,289,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. ST Germain D J Co. Inc. boosted its holdings in Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after acquiring an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC raised its stake 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 buying an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in Unilever in the second quarter worth about $30,000. Webster Bank N. A. boosted its position 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 acquiring an additional 217 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Unilever during the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

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

Unilever Stock Down 0.3 %

NYSE:UL opened at $57.39 on Thursday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The stock has a market cap of $142.87 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.74 and a beta of 0.49. The company’s 50 day moving average price is $63.06 and its 200-day moving average price is $59.33.

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 issued a dividend of $0.4755 per share. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, November 8th. Unilever’s dividend payout ratio is presently 55.62%.

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.