Perpetual Ltd Has $4.06 Million Stock Holdings in Unilever PLC (NYSE:UL)

by · The Cerbat Gem

Perpetual Ltd lowered its holdings in shares of Unilever PLC (NYSE:UL – Free Report) by 10.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,507 shares of the company’s stock after selling 7,285 shares during the period. Perpetual Ltd’s holdings in Unilever were worth $4,060,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on UL. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. TD Cowen assumed coverage on shares of Unilever in a research note on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target for the company. UBS Group raised shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Finally, Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and increased their price objective for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.75.

Check Out Our Latest Stock Analysis on Unilever

Unilever Price Performance

Shares of NYSE UL opened at $62.39 on Friday. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $65.87. The firm has a fifty day simple moving average of $63.48 and a 200 day simple moving average of $57.09.

Unilever Increases Dividend

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

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.

Further Reading

Want to see what other hedge funds are holding UL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unilever PLC (NYSE:UL – Free Report).