White Knight Strategic Wealth Advisors LLC Decreases Holdings in Unilever PLC (NYSE:UL)

White Knight Strategic Wealth Advisors LLC trimmed its position in shares of Unilever PLC (NYSE:UL) by 47.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,205 shares of the company’s stock after selling 2,875 shares during the quarter. White Knight Strategic Wealth Advisors LLC’s holdings in Unilever were worth $208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Unilever by 16.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock valued at $7,180,000 after acquiring an additional 15,941 shares during the period. Bank of Montreal Can increased its position in shares of Unilever by 249.5% during the 2nd quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock valued at $98,204,000 after purchasing an additional 1,248,136 shares during the last quarter. WCM Investment Management LLC lifted its stake in shares of Unilever by 236.2% in the 3rd quarter. WCM Investment Management LLC now owns 30,520 shares of the company’s stock worth $1,997,000 after purchasing an additional 21,441 shares during the period. Radnor Capital Management LLC purchased a new position in shares of Unilever in the third quarter worth approximately $1,388,000. Finally, Tidal Investments LLC grew its position in Unilever by 2.4% during the first quarter. Tidal Investments LLC now owns 14,871 shares of the company’s stock valued at $746,000 after buying an additional 347 shares during the period. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on UL. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and increased their price target for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Finally, StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $61.75.

Unilever Price Performance

Shares of UL stock opened at $59.84 on Friday. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The company’s fifty day moving average price is $61.34 and its 200-day moving average price is $59.77. The company has a market capitalization of $148.43 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.81 and a beta of 0.49.

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 issued a dividend of $0.4755 per share. The ex-dividend date of this dividend is Friday, November 8th. 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%. Unilever’s dividend payout ratio (DPR) is currently 56.46%.

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.