Tower Bridge Advisors Decreases Position in Unilever PLC (NYSE:UL)

Tower Bridge Advisors decreased its position in Unilever PLC (NYSE:UL) by 1.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,595 shares of the company’s stock after selling 200 shares during the period. Tower Bridge Advisors’ holdings in Unilever were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Associates Ltd. grew its stake in shares of Unilever by 8.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 42,512 shares of the company’s stock worth $2,762,000 after acquiring an additional 3,138 shares during the period. Financial Advocates Investment Management boosted its position in Unilever by 8.7% during the third quarter. Financial Advocates Investment Management now owns 4,264 shares of the company’s stock worth $277,000 after purchasing an additional 342 shares during the period. HM Payson & Co. boosted its position in Unilever by 4.5% during the third quarter. HM Payson & Co. now owns 30,017 shares of the company’s stock worth $1,950,000 after purchasing an additional 1,285 shares during the period. US Bancorp DE increased its stake in shares of Unilever by 9.0% in the third quarter. US Bancorp DE now owns 130,757 shares of the company’s stock worth $8,494,000 after purchasing an additional 10,759 shares in the last quarter. Finally, Oak Ridge Investments LLC raised its position in shares of Unilever by 7.0% in the third quarter. Oak Ridge Investments LLC now owns 109,854 shares of the company’s stock valued at $7,136,000 after purchasing an additional 7,196 shares during the period. 9.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UL. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Finally, StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Unilever currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.33.

Unilever Stock Performance

Unilever stock opened at $56.61 on Friday. The business has a 50-day simple moving average of $56.59 and a 200 day simple moving average of $59.93. Unilever PLC has a 52 week low of $46.46 and a 52 week high of $65.87.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.4674 per share. This represents a $1.87 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, February 28th.

About Unilever

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.