Unilever PLC (NYSE:UL) Stock Holdings Cut by Freedom Investment Management Inc.

Freedom Investment Management Inc. lessened its position in Unilever PLC (NYSE:UL) by 13.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,269 shares of the company’s stock after selling 643 shares during the period. Freedom Investment Management Inc.’s holdings in Unilever were worth $277,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fiera Capital Corp grew its position in Unilever by 1,866.0% in the second quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock worth $117,451,000 after buying an additional 2,027,221 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Unilever by 981.6% in the 3rd quarter. Jennison Associates LLC now owns 2,076,169 shares of the company’s stock worth $134,868,000 after acquiring an additional 1,884,216 shares during the last quarter. Bank of Montreal Can raised its position in shares of Unilever by 249.5% during the second quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock worth $98,204,000 after purchasing an additional 1,248,136 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Unilever by 598.7% during the second quarter. Clearbridge Investments LLC now owns 1,301,239 shares of the company’s stock valued at $71,555,000 after purchasing an additional 1,114,992 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Unilever by 7.1% in the 3rd quarter. Fisher Asset Management LLC now owns 16,726,400 shares of the company’s stock valued at $1,086,547,000 after purchasing an additional 1,114,177 shares during the period. Institutional investors own 9.67% of the company’s stock.

Unilever Trading Up 0.2 %

Unilever stock opened at $59.84 on Monday. The firm’s 50 day moving average price is $61.34 and its two-hundred day moving average price is $59.84. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87.

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 paid a $0.4755 dividend. The ex-dividend date of this dividend is Friday, November 8th. 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 3.18%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. 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 research note on Thursday, August 22nd. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Unilever currently has an average rating of “Hold” and an average price target of $61.75.

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.