Unilever PLC (NYSE:UL) Shares Purchased by Jennison Associates LLC

Jennison Associates LLC lifted its holdings in Unilever PLC (NYSE:UL) by 66.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,454,686 shares of the company’s stock after buying an additional 1,378,517 shares during the quarter. Jennison Associates LLC’s holdings in Unilever were worth $195,881,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Resonant Capital Advisors LLC boosted its position in Unilever by 7.1% during the 4th quarter. Resonant Capital Advisors LLC now owns 5,552 shares of the company’s stock worth $315,000 after purchasing an additional 369 shares during the period. Catalina Capital Group LLC lifted its stake in shares of Unilever by 14.7% during the fourth quarter. Catalina Capital Group LLC now owns 3,535 shares of the company’s stock worth $200,000 after purchasing an additional 452 shares in the last quarter. Chicago Capital LLC boosted its position in shares of Unilever by 3.2% in the fourth quarter. Chicago Capital LLC now owns 8,706 shares of the company’s stock worth $494,000 after buying an additional 272 shares during the period. Oregon Pacific Wealth Management LLC acquired a new stake in shares of Unilever in the fourth quarter valued at about $408,000. Finally, CENTRAL TRUST Co raised its holdings in shares of Unilever by 38.3% during the 4th quarter. CENTRAL TRUST Co now owns 1,807 shares of the company’s stock valued at $102,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

Shares of Unilever stock opened at $57.38 on Monday. The business has a 50-day moving average price of $57.48 and a 200 day moving average price of $60.39. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UL shares. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Royal Bank of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Finally, StockNews.com lowered Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Unilever has an average rating of “Hold” and an average target price of $61.75.

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.