Gilman Hill Asset Management LLC Buys 7,380 Shares of Unilever PLC (NYSE:UL)

Gilman Hill Asset Management LLC boosted its stake in shares of Unilever PLC (NYSE:UL) by 11.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 71,972 shares of the company’s stock after acquiring an additional 7,380 shares during the period. Gilman Hill Asset Management LLC’s holdings in Unilever were worth $4,081,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Unilever by 16.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company’s stock valued at $7,180,000 after buying an additional 15,941 shares in the last quarter. Verition Fund Management LLC acquired a new position in Unilever during the third quarter valued at approximately $11,694,000. Bank of Montreal Can lifted its stake in 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 purchasing an additional 1,248,136 shares during the last quarter. WCM Investment Management LLC boosted its holdings 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 valued at $1,997,000 after purchasing an additional 21,441 shares in the last quarter. Finally, Radnor Capital Management LLC bought a new position in shares of Unilever in the 3rd quarter valued at $1,388,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on UL shares. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Sanford C. Bernstein upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Finally, Royal Bank of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Unilever currently has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever Stock Up 0.4 %

Unilever stock opened at $55.68 on Monday. The business has a 50 day moving average of $57.62 and a 200-day moving average of $60.32. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were paid a dividend of $0.4755 per share. The ex-dividend date was Friday, November 8th. This represents a $1.90 annualized dividend and a dividend yield of 3.42%. This is an increase from Unilever’s previous quarterly dividend of $0.35.

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.