Long Run Wealth Advisors LLC Trims Stock Holdings in Unilever PLC (NYSE:UL)

Long Run Wealth Advisors LLC lowered its position in shares of Unilever PLC (NYSE:UL) by 8.2% in the third quarter, HoldingsChannel.com reports. The fund owned 19,977 shares of the company’s stock after selling 1,789 shares during the quarter. Long Run Wealth Advisors LLC’s holdings in Unilever were worth $1,298,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. ST Germain D J Co. Inc. raised its holdings in shares of Unilever by 423.8% during the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after purchasing an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC raised its stake in shares of Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after buying an additional 425 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Unilever in the 3rd quarter valued at about $35,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Unilever in the second quarter worth about $30,000. Finally, Jamison Private Wealth Management Inc. grew its holdings in Unilever by 202.5% during the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after acquiring an additional 405 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Up 0.6 %

UL opened at $61.66 on Wednesday. The firm’s fifty day simple moving average is $63.67 and its two-hundred day simple moving average is $59.00. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued a $0.4755 dividend. This represents a $1.90 annualized dividend and a yield of 3.08%. This is a boost from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, November 8th.

Analyst Ratings Changes

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