Cable Hill Partners LLC Trims Position in Unilever PLC (NYSE:UL)

Cable Hill Partners LLC lowered its position in shares of Unilever PLC (NYSE:UL) by 13.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,462 shares of the company’s stock after selling 675 shares during the quarter. Cable Hill Partners LLC’s holdings in Unilever were worth $290,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ST Germain D J Co. Inc. lifted its stake in shares of 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 in the last quarter. Abich Financial Wealth Management LLC boosted its position in 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 during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Unilever during the second quarter valued at about $30,000. Webster Bank N. A. increased its position in shares of Unilever by 54.3% during the second quarter. Webster Bank N. A. now owns 617 shares of the company’s stock worth $34,000 after acquiring an additional 217 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever during the 3rd quarter valued at approximately $35,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Unilever Stock Up 0.0 %

Shares of NYSE UL opened at $57.40 on Friday. The stock has a fifty day moving average price of $62.91 and a two-hundred day moving average price of $59.32. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87.

Unilever Increases Dividend

The business 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 $0.4755 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.90 annualized dividend and a dividend yield of 3.31%. This is a boost from Unilever’s previous quarterly dividend of $0.35.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and upped their price target for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, TD Cowen began coverage on Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target for the company. Three equities research 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. Based on data from MarketBeat, Unilever currently has a consensus rating of “Hold” and a consensus target price of $61.75.

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.