Blake Schutter Theil Wealth Advisors LLC Makes New Investment in Unilever PLC (NYSE:UL)

Blake Schutter Theil Wealth Advisors LLC purchased a new stake in Unilever PLC (NYSE:UL) in the third quarter, according to its most recent filing with the SEC. The fund purchased 6,245 shares of the company’s stock, valued at approximately $406,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Fiera Capital Corp raised its position in shares of Unilever by 1,866.0% during the 2nd 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 during the period. Equity Investment Corp increased its position in Unilever by 107.1% in the first quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock worth $146,091,000 after buying an additional 1,505,233 shares during the period. Bank of Montreal Can lifted its stake in Unilever by 249.5% in the second quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock valued at $98,204,000 after buying an additional 1,248,136 shares during the last quarter. Clearbridge Investments LLC lifted its stake 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 buying an additional 1,114,992 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Unilever by 26.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock valued at $241,145,000 after acquiring an additional 911,443 shares during the period. 9.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on UL shares. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. UBS Group raised Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and lifted their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Finally, TD Cowen initiated 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 analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Unilever has an average rating of “Hold” and an average target price of $61.75.

Unilever Stock Down 3.9 %

UL stock opened at $59.27 on Thursday. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The firm has a 50-day moving average of $63.56 and a two-hundred day moving average of $59.00.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be paid a $0.4755 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a yield of 3.21%.

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.