Townsquare Capital LLC Trims Stock Holdings in Unilever PLC (NYSE:UL)

Townsquare Capital LLC decreased its position in Unilever PLC (NYSE:UL) by 0.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,718 shares of the company’s stock after selling 507 shares during the period. Townsquare Capital LLC’s holdings in Unilever were worth $17,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mayflower Financial Advisors LLC boosted its holdings in Unilever by 4.1% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock worth $231,000 after buying an additional 167 shares during the last quarter. O Brien Greene & Co. Inc boosted its holdings in Unilever by 2.7% in the 2nd quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock worth $366,000 after buying an additional 174 shares during the last quarter. Crewe Advisors LLC boosted its holdings in Unilever by 17.3% in the 2nd quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock worth $65,000 after buying an additional 175 shares during the last quarter. Bailard Inc. boosted its holdings in Unilever by 1.2% in the 2nd quarter. Bailard Inc. now owns 15,014 shares of the company’s stock worth $826,000 after buying an additional 179 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Unilever by 7.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,781 shares of the company’s stock worth $181,000 after buying an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UL. UBS Group raised shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th. Finally, Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and raised their target price for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Unilever currently has a consensus rating of “Hold” and a consensus price target of $61.75.

Unilever Trading Up 0.6 %

UL opened at $59.11 on Wednesday. Unilever PLC has a one year low of $46.46 and a one year high of $65.87. The business’s 50 day moving average price is $61.61 and its 200 day moving average price is $59.73.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be issued a $0.4755 dividend. The ex-dividend date is Friday, November 8th. This is a boost from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a yield of 3.22%.

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.