Park Place Capital Corp Has $162,000 Stock Holdings in Unilever PLC (NYSE:UL)

Park Place Capital Corp lowered its holdings in Unilever PLC (NYSE:UL) by 46.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,487 shares of the company’s stock after selling 2,153 shares during the quarter. Park Place Capital Corp’s holdings in Unilever were worth $162,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Mayflower Financial Advisors LLC raised its stake in Unilever by 4.1% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock valued at $231,000 after purchasing an additional 167 shares during the last quarter. O Brien Greene & Co. Inc increased its position in shares of Unilever by 2.7% during the second quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock valued at $366,000 after purchasing an additional 174 shares during the period. Crewe Advisors LLC lifted its position in Unilever by 17.3% in the second quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock worth $65,000 after purchasing an additional 175 shares during the period. Bailard Inc. boosted its stake in Unilever by 1.2% during the second quarter. Bailard Inc. now owns 15,014 shares of the company’s stock worth $826,000 after buying an additional 179 shares in the last quarter. Finally, Gallacher Capital Management LLC raised its stake in shares of Unilever by 2.5% in the 2nd quarter. Gallacher Capital Management LLC now owns 7,575 shares of the company’s stock valued at $417,000 after buying an additional 182 shares in the last quarter. 9.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UL has been the topic of a number of analyst reports. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. UBS Group upgraded Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. TD Cowen began coverage on Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price for the company. Finally, Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and upped their price target for the company from $47.00 to $72.00 in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Unilever currently has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever Price Performance

Shares of NYSE:UL opened at $62.89 on Wednesday. Unilever PLC has a 12 month low of $46.16 and a 12 month high of $65.87. The company’s 50-day moving average price is $63.41 and its two-hundred day moving average price is $56.96.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were issued a dividend of $0.4773 per share. This is an increase from Unilever’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.91 annualized dividend and a yield of 3.04%.

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.