Quantbot Technologies LP Takes $2.67 Million Position in Unilever PLC (NYSE:UL)

Quantbot Technologies LP bought a new position in shares of Unilever PLC (NYSE:UL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 41,080 shares of the company’s stock, valued at approximately $2,669,000.

Other hedge funds have also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. boosted its position in shares of Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after acquiring an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC grew its stake in Unilever by 393.5% in the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after purchasing an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Unilever during the 2nd quarter valued at about $30,000. Webster Bank N. A. boosted its holdings in shares of Unilever by 54.3% during the second quarter. Webster Bank N. A. now owns 617 shares of the company’s stock valued at $34,000 after acquiring an additional 217 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Unilever during the 3rd quarter valued at $35,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on UL shares. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and raised their price objective for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Finally, StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $61.75.

Unilever Stock Up 1.1 %

UL opened at $59.75 on Thursday. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87. The company has a fifty day moving average price of $61.52 and a two-hundred day moving average price of $59.73.

Unilever Increases Dividend

The company also recently announced a quarterly 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 is Friday, November 8th. This is a positive change from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.18%.

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.