NorthCrest Asset Manangement LLC Has $9.19 Million Position in Unilever PLC (NYSE:UL)

NorthCrest Asset Manangement LLC lifted its stake in shares of Unilever PLC (NYSE:UL) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,488 shares of the company’s stock after purchasing an additional 4,283 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Unilever were worth $9,191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Red Tortoise LLC acquired a new stake in shares of Unilever during the first quarter valued at about $26,000. Quent Capital LLC acquired a new position in Unilever in the 1st quarter valued at approximately $28,000. ST Germain D J Co. Inc. raised its stake 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 valued at $29,000 after acquiring an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC lifted its holdings 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 during the period. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Unilever in the second quarter worth $30,000. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of Unilever stock traded down $0.61 during trading on Friday, reaching $61.69. 1,512,274 shares of the company traded hands, compared to its average volume of 2,621,845. The firm has a market capitalization of $154.42 billion, a PE ratio of 18.25, a P/E/G ratio of 1.86 and a beta of 0.48. Unilever PLC has a 1-year low of $46.16 and a 1-year high of $65.87. The company has a 50 day moving average price of $63.79 and a 200-day moving average price of $58.04.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be given a dividend of $0.4755 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Friday, November 8th. This is a boost from Unilever’s previous quarterly dividend of $0.35. Unilever’s dividend payout ratio is 55.62%.

Analyst Ratings Changes

Several brokerages have commented on UL. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. TD Cowen began coverage on Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price on the stock. UBS Group upgraded shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, 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. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Unilever presently has an average rating of “Hold” and a consensus price target of $61.75.

Unilever 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.