Logan Capital Management Inc. Purchases 2,176 Shares of Unilever PLC (NYSE:UL)

Logan Capital Management Inc. boosted its position in Unilever PLC (NYSE:UL) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,468 shares of the company’s stock after buying an additional 2,176 shares during the quarter. Logan Capital Management Inc.’s holdings in Unilever were worth $4,123,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of UL. Abich Financial Wealth Management LLC raised its holdings in shares of Unilever by 393.5% in the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after purchasing an additional 425 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Unilever in the 2nd quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever in the 3rd quarter valued at $35,000. Jamison Private Wealth Management Inc. lifted its position in Unilever by 202.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after buying an additional 405 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Unilever during the 3rd quarter worth about $40,000. Institutional investors own 9.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. Finally, StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Unilever has an average rating of “Hold” and a consensus target price of $61.75.

Unilever Stock Performance

NYSE:UL opened at $58.87 on Friday. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The stock’s 50 day moving average price is $60.26 and its two-hundred day moving average price is $60.10.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were issued a dividend of $0.4755 per share. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.90 annualized dividend and a yield of 3.23%.

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.