Unilever PLC (NYSE:UL) Shares Purchased by Jacobi Capital Management LLC

Jacobi Capital Management LLC raised its holdings in shares of Unilever PLC (NYSE:UL) by 23.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,678 shares of the company’s stock after acquiring an additional 1,472 shares during the quarter. Jacobi Capital Management LLC’s holdings in Unilever were worth $385,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Management Group LLP boosted its position in shares of Unilever by 3.3% during the 4th quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock worth $1,672,275,000 after acquiring an additional 1,114,417 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Unilever by 9.8% in the 4th quarter. Fisher Asset Management LLC now owns 10,843,977 shares of the company’s stock valued at $525,716,000 after purchasing an additional 965,173 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Unilever by 5.3% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 6,548,241 shares of the company’s stock valued at $317,459,000 after purchasing an additional 329,705 shares during the period. Manning & Napier Group LLC boosted its position in shares of Unilever by 1.4% in the 4th quarter. Manning & Napier Group LLC now owns 3,332,954 shares of the company’s stock valued at $161,582,000 after purchasing an additional 47,256 shares during the period. Finally, Norges Bank acquired a new stake in shares of Unilever in the 4th quarter valued at about $151,263,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UL has been the subject of a number of research analyst reports. Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research report on Monday. JPMorgan Chase & Co. raised Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Argus upped their target price on Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, TD Cowen initiated coverage on Unilever in a research report on Tuesday. They issued a “buy” rating and a $67.00 target price for the company. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Unilever currently has an average rating of “Hold” and an average price target of $58.33.

Unilever Stock Down 1.3 %

UL traded down $0.76 on Tuesday, hitting $57.40. 642,043 shares of the company traded hands, compared to its average volume of 2,707,732. The company has a 50 day moving average of $55.63 and a 200-day moving average of $51.63. Unilever PLC has a 12-month low of $46.16 and a 12-month high of $58.62.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were paid a dividend of $0.4556 per share. This represents a $1.82 annualized dividend and a yield of 3.17%. The ex-dividend date was Thursday, May 16th.

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.