SG Americas Securities LLC trimmed its stake in shares of Unilever PLC (NYSE:UL) by 53.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,888 shares of the company’s stock after selling 37,945 shares during the period. SG Americas Securities LLC’s holdings in Unilever were worth $1,906,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Oak Ridge Investments LLC bought a new stake in shares of Unilever during the 3rd quarter valued at about $505,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Unilever by 7.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 89,130 shares of the company’s stock worth $5,166,000 after acquiring an additional 6,132 shares during the period. Comerica Bank lifted its stake in Unilever by 1.6% during the third quarter. Comerica Bank now owns 82,666 shares of the company’s stock valued at $4,589,000 after purchasing an additional 1,281 shares during the last quarter. Wellington Shields & Co. LLC acquired a new stake in Unilever during the third quarter valued at approximately $214,000. Finally, Toronto Dominion Bank lifted its position in shares of Unilever by 17.2% in the 3rd quarter. Toronto Dominion Bank now owns 13,931 shares of the company’s stock valued at $809,000 after acquiring an additional 2,041 shares in the last quarter. 7.10% of the stock is owned by institutional investors and hedge funds.
Unilever PLC (UL) traded down $0.05 during trading on Tuesday, reaching $55.95. 375,161 shares of the company traded hands, compared to its average volume of 1,670,957. Unilever PLC has a twelve month low of $39.08 and a twelve month high of $60.13.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 3rd will be issued a $0.4217 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This is an increase from Unilever’s previous quarterly dividend of $0.41. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.02%.
Several research firms have weighed in on UL. Zacks Investment Research upgraded shares of Unilever from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research note on Saturday, September 9th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Unilever in a report on Thursday, September 7th. Morgan Stanley reaffirmed a “neutral” rating on shares of Unilever in a report on Wednesday, October 11th. Argus started coverage on shares of Unilever in a report on Friday, November 17th. They issued a “hold” rating for the company. Finally, Royal Bank Of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.50.
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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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