Tower Bridge Advisors decreased its stake in shares of Unilever PLC (NYSE:UL) by 6.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 79,403 shares of the company’s stock after selling 5,426 shares during the period. Tower Bridge Advisors’ holdings in Unilever PLC were worth $4,602,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Mercer Capital Advisers Inc. lifted its holdings in Unilever PLC by 2.6% in the second quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock worth $106,000 after acquiring an additional 50 shares during the last quarter. Advisors Preferred LLC bought a new position in Unilever PLC in the third quarter worth about $122,000. Hanson & Doremus Investment Management lifted its holdings in Unilever PLC by 7.2% in the second quarter. Hanson & Doremus Investment Management now owns 2,230 shares of the company’s stock worth $121,000 after acquiring an additional 150 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in Unilever PLC by 22.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock worth $182,000 after acquiring an additional 613 shares during the last quarter. Finally, Segment Wealth Management LLC bought a new position in Unilever PLC in the third quarter worth about $201,000. 7.25% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Unilever PLC from a “sell” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Thursday, October 19th. Morgan Stanley restated a “neutral” rating on shares of Unilever PLC in a research note on Wednesday, October 11th. J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever PLC in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada lowered shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a research note on Friday, August 11th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Unilever PLC presently has an average rating of “Hold” and an average target price of $46.50.
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Unilever PLC (NYSE UL) traded down $0.07 during midday trading on Monday, hitting $56.06. 868,400 shares of the company were exchanged, compared to its average volume of 1,714,298. Unilever PLC has a fifty-two week low of $38.58 and a fifty-two week high of $60.13.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 3rd will be paid a dividend of $0.4217 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, November 2nd. This is a positive change from Unilever PLC’s previous quarterly dividend of $0.41.
Unilever PLC Company Profile
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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