Jennison Associates LLC Buys 1,884,216 Shares of Unilever PLC (NYSE:UL)

Jennison Associates LLC increased its stake in shares of Unilever PLC (NYSE:UL) by 981.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,076,169 shares of the company’s stock after buying an additional 1,884,216 shares during the period. Jennison Associates LLC’s holdings in Unilever were worth $134,868,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mayflower Financial Advisors LLC lifted its stake in shares of Unilever by 4.1% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock valued at $231,000 after acquiring an additional 167 shares during the last quarter. O Brien Greene & Co. Inc boosted its position in shares of Unilever by 2.7% during the 2nd quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock worth $366,000 after purchasing an additional 174 shares in the last quarter. Crewe Advisors LLC raised its position in shares of Unilever by 17.3% during the second quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock worth $65,000 after purchasing an additional 175 shares during the period. Bailard Inc. increased its position in shares of Unilever by 1.2% during the second quarter. Bailard Inc. now owns 15,014 shares of the company’s stock worth $826,000 after acquiring an additional 179 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in Unilever by 7.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,781 shares of the company’s stock valued at $181,000 after acquiring an additional 181 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a report on Tuesday. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and increased their target price for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. TD Cowen initiated coverage on shares of Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target on the stock. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $61.75.

Unilever Stock Down 0.1 %

Shares of UL opened at $57.86 on Wednesday. Unilever PLC has a 1 year low of $46.46 and a 1 year high of $65.87. The stock has a 50 day simple moving average of $62.29 and a two-hundred day simple moving average of $59.53.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be paid a $0.4755 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from Unilever’s previous quarterly dividend of $0.35.

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.