Unilever PLC (NYSE:UL) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Unilever PLC (NYSE:UL) by 49.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,683 shares of the company’s stock after purchasing an additional 3,517 shares during the quarter. GAMMA Investing LLC’s holdings in Unilever were worth $694,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of UL. Fiera Capital Corp lifted its stake in shares of Unilever by 1,866.0% during the second quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock worth $117,451,000 after purchasing an additional 2,027,221 shares in the last quarter. Equity Investment Corp lifted its stake in shares of Unilever by 107.1% during the first quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock worth $146,091,000 after purchasing an additional 1,505,233 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Unilever by 249.5% during the second quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock worth $98,204,000 after purchasing an additional 1,248,136 shares in the last quarter. Clearbridge Investments LLC lifted its stake in shares of Unilever by 598.7% during the second quarter. Clearbridge Investments LLC now owns 1,301,239 shares of the company’s stock worth $71,555,000 after purchasing an additional 1,114,992 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Unilever by 3.3% in the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock worth $1,672,275,000 after acquiring an additional 1,114,417 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Price Performance

Shares of Unilever stock opened at $62.89 on Wednesday. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $65.87. The business has a 50-day moving average price of $63.41 and a 200 day moving average price of $56.96.

Unilever Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently commented on UL. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. TD Cowen began coverage on Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target on the stock. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. Finally, UBS Group upgraded Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Unilever has an average rating of “Hold” and an average price target of $61.75.

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.