InTrack Investment Management Inc Has $976,000 Holdings in Unilever PLC (NYSE:UL)

InTrack Investment Management Inc cut its stake in Unilever PLC (NYSE:UL) by 28.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,023 shares of the company’s stock after selling 6,044 shares during the period. InTrack Investment Management Inc’s holdings in Unilever were worth $976,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Red Tortoise LLC bought a new stake in Unilever during the 1st quarter worth about $26,000. ST Germain D J Co. Inc. lifted its position in Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after buying an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC lifted its position in Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after buying an additional 425 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Unilever during the 2nd quarter worth about $30,000. Finally, Quent Capital LLC bought a new stake in Unilever during the 1st quarter worth about $28,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research 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 report on Friday, October 4th. TD Cowen started coverage on shares of Unilever in a report on Tuesday, July 23rd. They issued 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 upped their target price for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Trading Up 0.6 %

Shares of UL opened at $62.79 on Friday. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $65.87. The firm’s 50-day simple moving average is $63.50 and its 200 day simple moving average is $57.28.

Unilever Increases Dividend

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

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.