Blueshift Asset Management LLC Buys Shares of 6,952 Unilever PLC (NYSE:UL)

Blueshift Asset Management LLC bought a new stake in shares of Unilever PLC (NYSE:UL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,952 shares of the company’s stock, valued at approximately $452,000.

A number of other hedge funds have also recently made changes to their positions in UL. Glenmede Trust Co. NA boosted its stake in Unilever by 5.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 45,748 shares of the company’s stock worth $2,972,000 after purchasing an additional 2,160 shares in the last quarter. Cadence Bank raised its holdings in Unilever by 3.7% in the third quarter. Cadence Bank now owns 14,093 shares of the company’s stock worth $915,000 after buying an additional 501 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Unilever by 1,515.0% in the third quarter. BNP Paribas Financial Markets now owns 57,090 shares of the company’s stock worth $3,709,000 after buying an additional 53,555 shares in the last quarter. Principal Street Partners LLC grew its holdings in shares of Unilever by 98.9% during the third quarter. Principal Street Partners LLC now owns 15,404 shares of the company’s stock valued at $1,001,000 after buying an additional 7,660 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Unilever during the third quarter valued at approximately $40,000. 9.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on UL shares. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Bank of America raised Unilever from an “underperform” rating to a “buy” rating and increased their price objective for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $61.75.

Unilever Stock Performance

Unilever stock opened at $59.74 on Friday. The business has a 50-day simple moving average of $61.43 and a two-hundred day simple moving average of $59.73. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.4755 per share. 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 yield of 3.18%. The ex-dividend date of this dividend is Friday, November 8th.

About Unilever

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.