Clear Harbor Asset Management LLC Invests $292,000 in Unilever PLC (NYSE:UL)

by · The Markets Daily

Clear Harbor Asset Management LLC purchased a new stake in shares of Unilever PLC (NYSE:UL – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,488 shares of the company’s stock, valued at approximately $292,000.

Several other institutional investors have also recently bought and sold shares of the business. Red Tortoise LLC acquired a new stake in shares of Unilever in the first quarter valued at $26,000. ST Germain D J Co. Inc. raised its stake in shares of Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after acquiring an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC lifted its position in shares of Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after purchasing an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Unilever during the second quarter valued at approximately $30,000. Finally, Quent Capital LLC acquired a new stake in shares of Unilever in the first quarter valued at approximately $28,000. Institutional investors own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on UL

Unilever Stock Down 1.0 %

Shares of Unilever stock opened at $61.69 on Monday. The business has a fifty day simple moving average of $63.80 and a 200 day simple moving average of $58.27. Unilever PLC has a 12 month low of $46.16 and a 12 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 a boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.08%.

Unilever Profile

(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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