Brown Brothers Harriman & Co. Sells 2,408 Shares of Unilever PLC (NYSE:UL)

by · The Cerbat Gem

Brown Brothers Harriman & Co. lessened its holdings in Unilever PLC (NYSE:UL – Free Report) by 18.0% in the third quarter, Holdings Channel reports. The firm owned 10,979 shares of the company’s stock after selling 2,408 shares during the period. Brown Brothers Harriman & Co.’s holdings in Unilever were worth $713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Unilever Trading Up 0.6 %

NYSE:UL opened at $59.11 on Wednesday. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The business’s fifty day moving average is $61.61 and its 200 day moving average is $59.73.

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 given a dividend of $0.4755 per share. 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 annualized dividend and a dividend yield of 3.22%.

Analysts Set New Price Targets

Several equities analysts recently commented on UL shares. UBS Group upgraded Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Finally, Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and upped their price objective for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. 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 company’s stock. Based on data from MarketBeat.com, Unilever currently has an average rating of “Hold” and an average price target of $61.75.

Read Our Latest Research Report on UL

About Unilever

(Free Report)

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.

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