Coastwise Capital Group LLC Makes New $201,000 Investment in Unilever PLC (NYSE:UL)

Coastwise Capital Group LLC purchased a new position in shares of Unilever PLC (NYSE:UL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,090 shares of the company’s stock, valued at approximately $201,000.

A number of other large investors have also modified their holdings of the business. Benjamin Edwards Inc. purchased a new position in Unilever in the third quarter worth $1,188,000. Timber Creek Capital Management LLC increased its holdings in shares of Unilever by 0.5% in the 3rd quarter. Timber Creek Capital Management LLC now owns 39,530 shares of the company’s stock valued at $2,568,000 after purchasing an additional 182 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Unilever during the third quarter worth about $11,694,000. Icon Wealth Advisors LLC grew its position in Unilever by 6.9% during the third quarter. Icon Wealth Advisors LLC now owns 8,899 shares of the company’s stock worth $578,000 after buying an additional 578 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new position in Unilever in the third quarter valued at about $322,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Trading Up 0.2 %

Unilever stock opened at $59.84 on Monday. The stock has a 50-day moving average price of $61.34 and a 200 day moving average price of $59.84. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

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 paid a dividend of $0.4755 per share. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th. This represents a $1.90 annualized dividend and a dividend yield of 3.18%.

Analyst Upgrades and Downgrades

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

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.