Three Bridge Wealth Advisors LLC Decreases Position in Unilever PLC (NYSE:UL)

Three Bridge Wealth Advisors LLC lowered its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 66.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,335 shares of the company's stock after selling 22,710 shares during the quarter. Three Bridge Wealth Advisors LLC's holdings in Unilever were worth $550,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. raised its holdings in shares of Unilever by 51.1% in the 3rd quarter. Citigroup Inc. now owns 672,859 shares of the company's stock valued at $33,239,000 after purchasing an additional 227,681 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Unilever during the 4th quarter worth about $1,131,000. Levin Capital Strategies L.P. increased its holdings in shares of Unilever by 35.7% in the 4th quarter. Levin Capital Strategies L.P. now owns 428,269 shares of the company's stock valued at $20,762,000 after acquiring an additional 112,677 shares during the last quarter. Manning & Napier Group LLC raised its position in shares of Unilever by 1.4% during the 4th quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company's stock worth $161,582,000 after acquiring an additional 47,256 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Unilever by 3,718.5% during the fourth quarter. International Assets Investment Management LLC now owns 171,641 shares of the company's stock worth $8,321,000 after purchasing an additional 167,146 shares during the last quarter. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Stock Performance

Shares of UL traded up $0.45 during mid-day trading on Wednesday, reaching $54.49. 1,893,685 shares of the company's stock were exchanged, compared to its average volume of 2,909,064. The business's fifty day simple moving average is $49.75 and its 200-day simple moving average is $48.95. Unilever PLC has a 52-week low of $46.16 and a 52-week high of $54.54.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a dividend of $0.4556 per share. This represents a $1.82 annualized dividend and a yield of 3.34%. The ex-dividend date is Thursday, May 16th.

Analyst Upgrades and Downgrades

UL has been the topic of several recent analyst reports. Morgan Stanley lowered shares of Unilever from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $52.00 to $48.00 in a research note on Tuesday, February 27th. StockNews.com raised shares of Unilever from a "hold" rating to a "buy" rating in a research report on Wednesday, May 1st. Finally, Argus boosted their price target on shares of Unilever from $58.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Unilever has an average rating of "Hold" and an average target price of $54.00.

Unilever 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.