Pacifica Partners Inc. Has $2.18 Million Stock Holdings in Unilever PLC (NYSE:UL)

Pacifica Partners Inc. cut its stake in Unilever PLC (NYSE:UL) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,570 shares of the company’s stock after selling 290 shares during the quarter. Pacifica Partners Inc.’s holdings in Unilever were worth $2,181,000 as of its most recent filing with the Securities and Exchange Commission.

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

Unilever Stock Down 0.9 %

Shares of NYSE:UL opened at $62.25 on Tuesday. The stock’s 50-day moving average is $63.39 and its 200-day moving average is $56.87. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $65.87.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were paid a $0.4773 dividend. This represents a $1.91 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Friday, August 9th. This is a boost from Unilever’s previous quarterly dividend of $0.46.

Analysts Set New Price Targets

Several equities analysts have commented on UL shares. UBS Group raised shares of Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday. TD Cowen started coverage on shares of Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price on the stock. Finally, Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and increased their target price for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $61.75.

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.