Jennison Associates LLC raised its position in shares of Unilever PLC (NYSE:UL - Free Report) by 981.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,076,169 shares of the company's stock after buying an additional 1,884,216 shares during the quarter. Jennison Associates LLC owned about 0.08% of Unilever worth $134,868,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in Unilever by 23.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,141,878 shares of the company's stock valued at $57,312,000 after buying an additional 214,635 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Unilever by 16.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company's stock valued at $7,180,000 after acquiring an additional 15,941 shares during the last quarter. Bank of Montreal Can increased its position in shares of Unilever by 249.5% during the second quarter. Bank of Montreal Can now owns 1,748,329 shares of the company's stock valued at $98,204,000 after acquiring an additional 1,248,136 shares during the last quarter. Radnor Capital Management LLC acquired a new position in shares of Unilever in the 3rd quarter worth approximately $1,388,000. Finally, WCM Investment Management LLC boosted its position in shares of Unilever by 236.2% during the 3rd quarter. WCM Investment Management LLC now owns 30,520 shares of the company's stock worth $1,997,000 after purchasing an additional 21,441 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.
Unilever Trading Down 0.5 %
NYSE:UL traded down $0.31 during mid-day trading on Wednesday, reaching $57.55. 2,837,077 shares of the stock were exchanged, compared to its average volume of 2,589,236. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The company has a 50 day simple moving average of $62.29 and a 200-day simple moving average of $59.53.
Unilever Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a dividend of $0.4755 per share. This is an increase from Unilever's previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Friday, November 8th.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on UL shares. StockNews.com cut Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. TD Cowen started coverage on Unilever in a research note on Tuesday, July 23rd. They issued a "buy" rating and a $67.00 price objective on the stock. UBS Group upgraded Unilever to a "strong sell" rating in a research note on Tuesday, July 30th. Erste Group Bank reiterated a "hold" rating on shares of Unilever in a report on Tuesday. Finally, Bank of America upgraded shares of Unilever from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $61.75.
Read Our Latest Analysis on UL
Unilever Company Profile
(
Free Report)
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.
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