Newbridge Financial Services Group Inc. Cuts Stock Holdings in Unilever PLC (NYSE:UL)

Newbridge Financial Services Group Inc. decreased its stake in shares of Unilever PLC (NYSE:UL) by 33.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 534 shares of the company’s stock after selling 269 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Unilever were worth $26,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Life Planning Partners Inc purchased a new position in shares of Unilever during the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp boosted its position in shares of Unilever by 111.5% during the third quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock valued at $27,000 after buying an additional 291 shares during the last quarter. VisionPoint Advisory Group LLC boosted its position in shares of Unilever by 215.1% during the third quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock valued at $29,000 after buying an additional 400 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new position in Unilever in the fourth quarter worth $31,000. Finally, Evolution Advisers Inc. purchased a new position in Unilever in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Down 0.4 %

Shares of NYSE UL opened at $56.15 on Wednesday. Unilever PLC has a one year low of $46.16 and a one year high of $56.47. The business’s fifty day moving average price is $52.62 and its 200-day moving average price is $50.23.

Unilever Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $0.4556 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.25%.

Wall Street Analyst Weigh In

UL has been the topic of several research analyst reports. Argus boosted their price objective on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. raised Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Morgan Stanley cut Unilever from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. Finally, Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $54.00.

Unilever Company 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.