Ingalls & Snyder LLC Has $18.29 Million Stock Position in Unilever PLC $UL

Ingalls & Snyder LLC cut its position in shares of Unilever PLC (NYSE:UL) by 8.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 298,955 shares of the company’s stock after selling 29,059 shares during the quarter. Ingalls & Snyder LLC’s holdings in Unilever were worth $18,287,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new position in Unilever during the first quarter worth about $30,000. Brentview Investment Management LLC purchased a new position in Unilever during the first quarter worth about $33,000. Richardson Financial Services Inc. boosted its holdings in Unilever by 209.0% during the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock worth $37,000 after purchasing an additional 418 shares during the last quarter. Financial Connections Group Inc. purchased a new position in Unilever during the second quarter worth about $39,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in Unilever during the second quarter worth about $55,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Price Performance

Shares of NYSE:UL opened at $62.64 on Friday. The firm has a 50 day simple moving average of $61.62 and a 200 day simple moving average of $61.81. Unilever PLC has a one year low of $54.32 and a one year high of $65.66.

Unilever Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be given a $0.5258 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, November 7th. This represents a $2.10 annualized dividend and a yield of 3.4%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. CICC Research assumed coverage on shares of Unilever in a research note on Thursday, August 21st. They issued an “outperform” rating on the stock. Zacks Research cut shares of Unilever from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Unilever in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

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.