Global Trust Asset Management LLC Sells 275 Shares of Unilever PLC (NYSE:UL)

Global Trust Asset Management LLC reduced its stake in Unilever PLC (NYSE:UL) by 11.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,062 shares of the company’s stock after selling 275 shares during the period. Global Trust Asset Management LLC’s holdings in Unilever were worth $134,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in UL. Fiera Capital Corp grew its stake in Unilever by 1,866.0% in the 2nd quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock worth $117,451,000 after acquiring an additional 2,027,221 shares in the last quarter. Equity Investment Corp boosted its stake in shares of Unilever by 107.1% during 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 in the last quarter. Bank of Montreal Can boosted its stake 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 valued at $98,204,000 after purchasing an additional 1,248,136 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Unilever by 598.7% during 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 boosted its stake 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 purchasing an additional 911,443 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UL has been the topic of a number of recent research reports. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. TD Cowen initiated coverage on shares of Unilever in a research note on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective on the stock. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Finally, Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and increased their target price for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. Three equities 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $61.75.

Unilever Stock Down 1.0 %

NYSE:UL opened at $61.69 on Friday. The firm has a 50 day moving average of $63.79 and a 200 day moving average of $58.04. The stock has a market capitalization of $154.42 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.86 and a beta of 0.48. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $65.87.

Unilever Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be issued a $0.4755 dividend. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from Unilever’s previous dividend of $0.35. Unilever’s dividend payout ratio (DPR) is currently 55.62%.

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.