Jennison Associates LLC Has $510,000 Position in Unilever PLC $UL

Jennison Associates LLC lessened its holdings in Unilever PLC (NYSE:UL) by 98.9% in the second quarter, Holdings Channel reports. The institutional investor owned 8,490 shares of the company’s stock after selling 751,673 shares during the period. Jennison Associates LLC’s holdings in Unilever were worth $510,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Cornerstone Wealth Management LLC grew its holdings in Unilever by 3.9% during the 4th quarter. Cornerstone Wealth Management LLC now owns 4,036 shares of the company’s stock worth $264,000 after acquiring an additional 151 shares during the last quarter. Blake Schutter Theil Wealth Advisors LLC raised its stake in shares of Unilever by 3.2% during the first quarter. Blake Schutter Theil Wealth Advisors LLC now owns 5,754 shares of the company’s stock valued at $328,000 after acquiring an additional 180 shares during the last quarter. Cohen Investment Advisors LLC raised its stake in shares of Unilever by 2.9% during the first quarter. Cohen Investment Advisors LLC now owns 6,753 shares of the company’s stock valued at $385,000 after acquiring an additional 192 shares during the last quarter. Flputnam Investment Management Co. lifted its holdings in shares of Unilever by 2.4% during the fourth quarter. Flputnam Investment Management Co. now owns 9,091 shares of the company’s stock worth $595,000 after purchasing an additional 214 shares during the period. Finally, Founders Financial Securities LLC lifted its holdings in shares of Unilever by 0.4% during the first quarter. Founders Financial Securities LLC now owns 54,760 shares of the company’s stock worth $3,201,000 after purchasing an additional 219 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Stock Performance

Shares of NYSE UL opened at $62.12 on Friday. The company’s 50 day moving average price is $61.28 and its 200-day moving average price is $62.20. Unilever PLC has a 52-week low of $54.75 and a 52-week high of $74.97.

Unilever (NYSE:UL) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.92). The firm had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $14.80 billion. On average, analysts predict that Unilever PLC will post 3.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on UL shares. Zacks Research raised shares of Unilever from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Royal Bank Of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. TD Cowen reaffirmed a “buy” rating on shares of Unilever in a report on Wednesday, July 29th. Weiss Ratings upgraded Unilever from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research note on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $65.55.

Unilever Company Profile

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.