Unilever PLC (NYSE:UL) Shares Sold by Castleview Partners LLC

Castleview Partners LLC reduced its position in Unilever PLC (NYSE:UL) by 20.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 999 shares of the company’s stock after selling 258 shares during the quarter. Castleview Partners LLC’s holdings in Unilever were worth $65,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mayflower Financial Advisors LLC raised its stake in shares of Unilever by 4.1% in the second quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock valued at $231,000 after acquiring an additional 167 shares in the last quarter. O Brien Greene & Co. Inc boosted its stake in shares of Unilever by 2.7% in the 2nd quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock valued at $366,000 after buying an additional 174 shares during the period. Crewe Advisors LLC grew its position in shares of Unilever by 17.3% during the second quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock worth $65,000 after buying an additional 175 shares in the last quarter. Bailard Inc. increased its stake in shares of Unilever by 1.2% during the second quarter. Bailard Inc. now owns 15,014 shares of the company’s stock worth $826,000 after buying an additional 179 shares during the period. Finally, Gallacher Capital Management LLC raised its holdings in Unilever by 2.5% in the second quarter. Gallacher Capital Management LLC now owns 7,575 shares of the company’s stock valued at $417,000 after acquiring an additional 182 shares in the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Trading Down 1.0 %

Shares of UL stock opened at $62.31 on Tuesday. The business’s 50 day moving average is $63.75 and its two-hundred day moving average is $57.89. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $65.87.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were paid a $0.4773 dividend. The ex-dividend date of this dividend was Friday, August 9th. This is an increase from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.06%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. TD Cowen began coverage on Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price on the stock. 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 note on Thursday, August 22nd. Finally, UBS Group raised Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever Company 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.