Valley National Advisers Inc. Has $524,000 Stock Holdings in Unilever PLC (NYSE:UL)

Valley National Advisers Inc. lessened its holdings in Unilever PLC (NYSE:UL) by 55.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,083 shares of the company’s stock after selling 10,159 shares during the quarter. Valley National Advisers Inc.’s holdings in Unilever were worth $524,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UL. Red Tortoise LLC acquired a new stake in Unilever during the first quarter worth approximately $26,000. Quent Capital LLC bought a new stake in Unilever in the 1st quarter valued at $28,000. ST Germain D J Co. Inc. boosted its stake in Unilever by 423.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after purchasing an additional 428 shares during the period. Abich Financial Wealth Management LLC increased its position in Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after buying an additional 425 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Unilever during the second quarter worth $30,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UL. UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and increased their target price for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. TD Cowen began coverage on Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target for the company. Finally, StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Three research 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.75.

Unilever Stock Performance

Unilever stock opened at $61.69 on Monday. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $65.87. The stock’s 50 day moving average price is $63.80 and its two-hundred day moving average price is $58.27.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.4755 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from Unilever’s previous quarterly dividend of $0.35.

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.