DGS Capital Management LLC Buys Shares of 3,456 Unilever PLC (NYSE:UL)

DGS Capital Management LLC purchased a new position in Unilever PLC (NYSE:UL) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,456 shares of the company’s stock, valued at approximately $225,000.

Several other large investors have also recently made changes to their positions in the company. Logan Capital Management Inc. grew its stake in Unilever by 3.6% during the 3rd quarter. Logan Capital Management Inc. now owns 63,468 shares of the company’s stock valued at $4,123,000 after acquiring an additional 2,176 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Unilever by 3.1% during the 3rd quarter. Franklin Resources Inc. now owns 346,321 shares of the company’s stock worth $22,427,000 after purchasing an additional 10,268 shares during the last quarter. Synovus Financial Corp grew its holdings in Unilever by 16.5% in the 3rd quarter. Synovus Financial Corp now owns 23,703 shares of the company’s stock valued at $1,540,000 after buying an additional 3,349 shares in the last quarter. Optimist Retirement Group LLC increased its position in shares of Unilever by 2.7% during the 3rd quarter. Optimist Retirement Group LLC now owns 39,145 shares of the company’s stock worth $2,543,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Arvest Bank Trust Division purchased a new position in shares of Unilever in the third quarter valued at approximately $2,756,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Unilever Stock Up 0.3 %

NYSE:UL opened at $58.87 on Friday. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The stock has a 50-day simple moving average of $60.26 and a 200-day simple moving average of $60.14.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were paid a $0.4755 dividend. 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 3.23%. The ex-dividend date was Friday, November 8th.

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.