Euro Pacific Asset Management LLC Lowers Stock Holdings in Unilever PLC (NYSE:UL)

Euro Pacific Asset Management LLC cut its holdings in Unilever PLC (NYSE:UL) by 1.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 255,844 shares of the company’s stock after selling 4,977 shares during the quarter. Unilever accounts for 3.0% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 13th largest position. Euro Pacific Asset Management LLC’s holdings in Unilever were worth $16,590,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in UL. Fiera Capital Corp increased its position in shares of Unilever by 1,866.0% during the second quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock worth $117,451,000 after purchasing an additional 2,027,221 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Unilever by 249.5% during the second quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock worth $98,204,000 after buying an additional 1,248,136 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Unilever by 598.7% in the second quarter. Clearbridge Investments LLC now owns 1,301,239 shares of the company’s stock valued at $71,555,000 after buying an additional 1,114,992 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Unilever by 26.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock worth $241,145,000 after buying an additional 911,443 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in Unilever by 19.3% during the first quarter. Lazard Asset Management LLC now owns 4,132,640 shares of the company’s stock worth $207,416,000 after acquiring an additional 668,913 shares during the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Price Performance

UL stock opened at $57.40 on Friday. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The business has a fifty day moving average of $62.59 and a two-hundred day moving average of $59.35.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be given a dividend of $0.4755 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.31%. This is an increase from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th.

Wall Street Analysts Forecast Growth

A number of analysts have commented on UL shares. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday. UBS Group upgraded Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. Finally, TD Cowen began coverage on Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price for the company. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $61.75.

Unilever Company 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.