Arete Wealth Advisors LLC Sells 1,989 Shares of Unilever PLC (NYSE:UL)

Arete Wealth Advisors LLC trimmed its position in Unilever PLC (NYSE:UL) by 27.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,220 shares of the company’s stock after selling 1,989 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Unilever were worth $338,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC boosted its position in Unilever by 393.5% in the second 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. acquired a new stake in Unilever in the third quarter valued at approximately $35,000. Jamison Private Wealth Management Inc. boosted its position in Unilever by 202.5% in the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after buying an additional 405 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Unilever in the third quarter valued at approximately $40,000. 9.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Unilever Trading Up 0.3 %

Shares of NYSE:UL opened at $58.87 on Friday. The firm’s fifty day moving average is $60.26 and its 200-day moving average is $60.10. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 8th were issued a $0.4755 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, November 8th. This represents a $1.90 annualized dividend and a yield of 3.23%.

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.