Unilever PLC $UL Shares Sold by Jennison Associates LLC

Jennison Associates LLC decreased its holdings in Unilever PLC (NYSE:UL) by 50.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 760,163 shares of the company’s stock after selling 758,806 shares during the quarter. Jennison Associates LLC’s holdings in Unilever were worth $43,306,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Cornerstone Wealth Management LLC lifted 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 buying an additional 151 shares in the last quarter. CoreCap Advisors LLC grew its stake in shares of Unilever by 19.4% in the fourth quarter. CoreCap Advisors LLC now owns 997 shares of the company’s stock worth $65,000 after acquiring an additional 162 shares in the last quarter. Blake Schutter Theil Wealth Advisors LLC grew its stake in shares of Unilever by 3.2% in the first quarter. Blake Schutter Theil Wealth Advisors LLC now owns 5,754 shares of the company’s stock worth $328,000 after acquiring an additional 180 shares in the last quarter. Invested Advisors increased its position in shares of Unilever by 4.8% during the fourth quarter. Invested Advisors now owns 3,987 shares of the company’s stock worth $261,000 after acquiring an additional 183 shares during the period. Finally, Cohen Investment Advisors LLC increased its position 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 worth $385,000 after acquiring an additional 192 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Upgrades and Downgrades

UL has been the subject of a number of recent research reports. Weiss Ratings lowered Unilever from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Royal Bank Of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. DZ Bank upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Zacks Research cut Unilever from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $65.55.

Unilever Stock Performance

UL stock opened at $61.97 on Tuesday. The business has a 50 day moving average price of $58.94 and a 200 day moving average price of $62.40. Unilever PLC has a fifty-two week low of $54.75 and a fifty-two week high of $74.97.

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.