Tower Bridge Advisors reduced its position in Unilever plc (NYSE:UL) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,660 shares of the company’s stock after selling 1,743 shares during the period. Tower Bridge Advisors’ holdings in Unilever were worth $4,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in UL. Harding Loevner LP lifted its position in Unilever by 5,115.5% during the third quarter. Harding Loevner LP now owns 136,128,531 shares of the company’s stock valued at $24,696,000 after purchasing an additional 133,518,453 shares in the last quarter. LMR Partners LLP purchased a new position in shares of Unilever in the third quarter valued at about $40,438,000. Goldman Sachs Group Inc. lifted its position in shares of Unilever by 47.6% in the second quarter. Goldman Sachs Group Inc. now owns 1,837,277 shares of the company’s stock valued at $99,434,000 after acquiring an additional 592,653 shares in the last quarter. Assetmark Inc. lifted its position in shares of Unilever by 25,856.4% in the third quarter. Assetmark Inc. now owns 230,752 shares of the company’s stock valued at $13,374,000 after acquiring an additional 229,863 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Unilever in the third quarter valued at about $8,537,000. Hedge funds and other institutional investors own 7.12% of the company’s stock.
Shares of Unilever plc (NYSE UL) traded up $0.35 during midday trading on Wednesday, reaching $53.43. The company’s stock had a trading volume of 859,923 shares, compared to its average volume of 1,765,017. Unilever plc has a 52 week low of $41.54 and a 52 week high of $60.13. The company has a market capitalization of $156,460.00, a PE ratio of 19.97, a P/E/G ratio of 2.36 and a beta of 0.86.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Friday, February 16th will be paid a dividend of $0.4452 per share. This is a boost from Unilever’s previous quarterly dividend of $0.42. This represents a $1.78 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Thursday, February 15th. Unilever’s payout ratio is presently 62.78%.
Several brokerages have recently issued reports on UL. Argus began coverage on Unilever in a report on Friday, November 17th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Unilever in a report on Monday, December 18th. Finally, Zacks Investment Research raised Unilever from a “sell” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Thursday, October 19th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $44.50.
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Unilever 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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