Platform Technology Partners Sells 556 Shares of Unilever PLC (NYSE:UL)

Platform Technology Partners decreased its holdings in shares of Unilever PLC (NYSE:UL) by 9.5% during the third quarter, HoldingsChannel reports. The fund owned 5,304 shares of the company’s stock after selling 556 shares during the quarter. Platform Technology Partners’ holdings in Unilever were worth $345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in 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 in the last quarter. Lazard Asset Management LLC grew its position in shares of Unilever by 19.3% during the 1st quarter. Lazard Asset Management LLC now owns 4,132,640 shares of the company’s stock valued at $207,416,000 after purchasing an additional 668,913 shares in the last quarter. Saratoga Research & Investment Management increased its holdings in shares of Unilever by 0.8% in the second quarter. Saratoga Research & Investment Management now owns 2,767,207 shares of the company’s stock worth $152,169,000 after purchasing an additional 22,325 shares during the period. Hamlin Capital Management LLC raised its position in shares of Unilever by 7.9% in the third quarter. Hamlin Capital Management LLC now owns 2,667,380 shares of the company’s stock worth $173,273,000 after buying an additional 194,165 shares in the last quarter. Finally, Fiera Capital Corp boosted its stake in Unilever by 1,866.0% during the second quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock valued at $117,451,000 after buying an additional 2,027,221 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

UL has been the topic of several recent analyst reports. TD Cowen assumed coverage on Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target on the stock. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and raised their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Finally, UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Unilever has an average rating of “Hold” and an average price target of $61.75.

Unilever Stock Down 1.3 %

UL stock opened at $58.23 on Tuesday. The firm’s fifty day moving average is $63.21 and its 200 day moving average is $59.29. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be issued a $0.4755 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.90 annualized dividend and a dividend yield of 3.27%. This is an increase from Unilever’s previous quarterly dividend of $0.35.

About Unilever

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.