Schechter Investment Advisors LLC lowered its stake in shares of Unilever PLC (NYSE:UL – Get Rating ) by 8.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,188 shares of the company’s stock after selling 2,784 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Unilever were worth $1,279,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the business. XML Financial LLC bought a new position in shares of Unilever in the third quarter valued at about $8,487,000. ICW Investment Advisors LLC boosted its holdings in shares of Unilever by 1.2% during the third quarter. ICW Investment Advisors LLC now owns 25,137 shares of the company’s stock valued at $1,102,000 after buying an additional 303 shares during the last quarter. Excalibur Management Corp boosted its holdings in shares of Unilever by 14.1% in the third quarter. Excalibur Management Corp now owns 12,568 shares of the company’s stock valued at $551,000 after purchasing an additional 1,550 shares during the last quarter. Mengis Capital Management Inc. purchased a new stake in Unilever in the third quarter valued at approximately $239,000. Finally, Berkeley Capital Partners LLC boosted its stake in Unilever by 32.2% in the third quarter. Berkeley Capital Partners LLC now owns 29,647 shares of the company’s stock valued at $1,300,000 after acquiring an additional 7,228 shares in the last quarter. Institutional investors own 10.06% of the company’s shares.
Changes in analyst ratings
UL has been the subject of several research reports. Morgan Stanley boosted their target price on Unilever from $42.75 to $46.00 in a research note on Tuesday, November 1st. Sanford C. Bernstein downgraded Unilever from a “market perform” rating to an “underperform” rating in a research note on Tuesday, January 17th. Finally, StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Thursday, December 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.00, according to MarketBeat.
Unilever Trading down 0.6%
Shares of Unilever stock opened at $50.62 on Wednesday. Unilever PLC has a 12-month low of $42.44 and a 12-month high of $56.44. The business’s 50-day moving average is $50.45 and its 200-day moving average is $47.52.
Unilever cuts dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Friday, November 18th were given a dividend of $0.4211 per share. This represents an annualized dividend of $1.68 and a dividend yield of 3.33%. The ex-dividend date of this dividend was Thursday, November 17th.
Unilever Plc is engaged in the production and sale of consumer goods. It operates in the following segments: Beauty & Personal Care, Food & Refreshments and Home Care. The beauty and personal care segment offers skin cleansing, hair care, skin care and deodorant categories. The food and beverage segment sells ice cream, savory, dressings and tea.
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