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

Jennison Associates LLC lessened its position in shares of Unilever PLC (NYSE:UL) by 98.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in UL. Evergreen Capital Management LLC raised its position in Unilever by 160.8% during the fourth quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company’s stock valued at $5,375,000 after purchasing an additional 50,682 shares in the last quarter. Saturna Capital Corp lifted its stake in Unilever by 38.0% during the first quarter. Saturna Capital Corp now owns 794,310 shares of the company’s stock worth $45,252,000 after purchasing an additional 218,767 shares during the last quarter. Diversify Wealth Management LLC boosted its holdings in shares of Unilever by 77.6% in the 1st quarter. Diversify Wealth Management LLC now owns 39,116 shares of the company’s stock valued at $2,226,000 after purchasing an additional 17,093 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Unilever by 16.4% in the 1st quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock valued at $379,501,000 after purchasing an additional 937,346 shares in the last quarter. Finally, Managed Asset Portfolios LLC increased its stake in shares of Unilever by 12.5% in the 4th quarter. Managed Asset Portfolios LLC now owns 299,763 shares of the company’s stock valued at $19,604,000 after purchasing an additional 33,324 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Down 0.9%

NYSE UL opened at $62.12 on Friday. The firm’s fifty day moving average price is $61.28 and its two-hundred day moving average price is $62.20. Unilever PLC has a fifty-two week low of $54.75 and a fifty-two week high of $74.97.

Unilever (NYSE:UL) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.92 earnings per share (EPS) 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. As a group, sell-side analysts expect that Unilever PLC will post 3.51 earnings per share for the current year.

Analyst Ratings Changes

UL has been the subject of a number of research analyst reports. Weiss Ratings raised Unilever from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, July 30th. TD Cowen reaffirmed a “buy” rating on shares of Unilever in a research note on Wednesday, July 29th. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Monday, July 6th. Zacks Research raised Unilever from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $65.55.

Unilever 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.