NorthCrest Asset Manangement LLC Has $9.19 Million Position in Unilever PLC (NYSE:UL)

NorthCrest Asset Manangement LLC increased its holdings in shares of Unilever PLC (NYSE:UL) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 141,488 shares of the company’s stock after buying an additional 4,283 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Unilever were worth $9,191,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UL. Fiera Capital Corp grew its holdings 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 buying an additional 2,027,221 shares in the last quarter. Equity Investment Corp raised its holdings in shares of Unilever by 107.1% in the first quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock valued at $146,091,000 after purchasing an additional 1,505,233 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Unilever by 249.5% in the second quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock worth $98,204,000 after purchasing an additional 1,248,136 shares in the last quarter. Clearbridge Investments LLC grew its position in 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 purchasing an additional 1,114,992 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Unilever by 26.2% during the 2nd 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. 9.67% of the stock is currently owned by institutional investors.

Unilever Stock Down 1.0 %

Shares of NYSE:UL traded down $0.61 during trading on Friday, reaching $61.69. 1,512,274 shares of the company traded hands, compared to its average volume of 2,621,845. The firm has a market capitalization of $154.42 billion, a PE ratio of 18.25, a PEG ratio of 1.86 and a beta of 0.48. The company’s 50 day moving average is $63.79 and its two-hundred day moving average is $58.04. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $65.87.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be issued a dividend of $0.4755 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from Unilever’s previous quarterly dividend of $0.35. Unilever’s dividend payout ratio is 55.62%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. TD Cowen started coverage on shares of Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target for the company. UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, 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. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently 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.