Beacon Investment Advisory Services Inc. acquired a new position in Unilever plc (NYSE:UL) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,700 shares of the company’s stock, valued at approximately $794,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new stake in shares of Unilever in the third quarter worth about $122,000. YorkBridge Wealth Partners LLC lifted its position in shares of Unilever by 22.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock worth $182,000 after buying an additional 613 shares in the last quarter. Segment Wealth Management LLC purchased a new stake in shares of Unilever in the third quarter worth about $201,000. Cable Hill Partners LLC lifted its position in shares of Unilever by 6,866.0% in the third quarter. Cable Hill Partners LLC now owns 3,483 shares of the company’s stock worth $202,000 after buying an additional 3,433 shares in the last quarter. Finally, FinTrust Investment Advisory Services LLC purchased a new stake in shares of Unilever in the third quarter worth about $203,000. 7.10% of the stock is owned by hedge funds and other institutional investors.
UL has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Unilever from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Saturday, September 9th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever in a research report on Thursday, September 7th. Argus initiated coverage on Unilever in a research report on Friday, November 17th. They set a “hold” rating on the stock. Finally, Morgan Stanley restated a “neutral” rating on shares of Unilever in a research report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.50.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 3rd will be paid a $0.4217 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.69 annualized dividend and a yield of 3.00%. This is a boost from Unilever’s previous quarterly dividend of $0.41.
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Unilever Company Profile
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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