Recent Hedge Fund Activity
Several hedge funds have recently traded shares of Unilever (UL). Diversify Advisory Services LLC purchased $863,000 worth, while Empowered Funds LLC bought $684,000 worth in the first quarter. Breakwater Capital Group increased its investment by 7.6%, now owning shares worth $355,000 after adding 500 more. Global Assets Advisory LLC invested $3,312,000, and Price T Rowe Associates Inc. boosted its stake by 23.1%, now holding shares worth $57,312,000. Currently, institutional investors and hedge funds own 9.67% of UL.
Analysts’ Ratings
StockNews.com upgraded Unilever to “buy” on October 4. TD Cowen started coverage with a “buy” rating and a $67 target. UBS Group rated it “strong sell,” while Bank of America upgraded it to “buy” with a price target increase from $47 to $72. Overall, three analysts favor selling, one holds, and seven recommend buying, giving Unilever a consensus rating of “Hold” at a price target of $61.75.
Stock Performance
Unilever stock opened at $62.31 on Tuesday, with a one-year low of $46.16 and a high of $65.87. The 50-day moving average is $63.75, and the 200-day moving average is $57.89.
Dividend Announcement
Unilever recently announced a quarterly dividend of $0.4773, up from $0.46. This results in an annual dividend of $1.91, with a yield of 3.06%. The ex-dividend date was August 9.
About Unilever
Unilever PLC is a global fast-moving consumer goods company operating in various regions including Asia Pacific, Africa, the Americas, and Europe. It has five main segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream.
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Want to see what other hedge funds are holding UL? Visit HoldingsChannel.com for the latest Unilever filings.
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