Virtu Financial LLC Acquires New Position in Unilever PLC (NYSE:UL)

Virtu Financial LLC bought a new position in Unilever PLC (NYSE:UL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,781 shares of the company’s stock, valued at approximately $1,025,000.

Other institutional investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC grew its stake in shares of Unilever by 393.5% in 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 in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Unilever in the second quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. bought a new stake in Unilever in the third quarter worth approximately $35,000. Jamison Private Wealth Management Inc. increased its stake in shares of 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 purchasing an additional 405 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Unilever in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on UL. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five 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 target price of $61.75.

Unilever Price Performance

NYSE UL opened at $58.87 on Friday. The stock has a 50-day simple moving average of $60.26 and a 200 day simple moving average of $60.10. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were given a $0.4755 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.23%. This is a boost from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, November 8th.

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.