Janney Montgomery Scott LLC Has $47.83 Million Stock Holdings in Unilever PLC $UL

Key Points

• Janney Montgomery Scott increased its Unilever stake by 10.3% in the second quarter, owning 795,511 shares valued at approximately $47.83 million.
• Analyst sentiment remains mixed, with Unilever holding a consensus “Hold” rating and an average price target of $65.55; institutional investors and hedge funds own 9.67% of the stock.
• Unilever shares were trading down 0.9% at $62.12, while the company’s latest quarterly results fell short of expectations, reporting $0.92 in EPS versus a $1.84 consensus estimate and $14.62 billion in revenue versus $14.80 billion expected.

Janney Montgomery Scott LLC lifted its stake in shares of Unilever PLC (NYSE:UL - Free Report) by 10.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 795,511 shares of the company's stock after acquiring an additional 74,211 shares during the quarter. Janney Montgomery Scott LLC's holdings in Unilever were worth $47,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in UL. Elyxium Wealth LLC bought a new position in Unilever during the 4th quarter worth approximately $25,000. Bard Associates Inc. acquired a new position in shares of Unilever in the 4th quarter worth approximately $27,000. Palisade Asset Management LLC bought a new stake in shares of Unilever in the 3rd quarter valued at $25,000. Financial Life Planners bought a new stake in shares of Unilever in the 1st quarter valued at $25,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Unilever during the first quarter worth $29,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Unilever Trading Down 0.9%

Shares of NYSE UL opened at $62.12 on Friday. The company has a 50-day moving average price of $61.28 and a 200-day moving average price of $62.20. Unilever PLC has a 1 year low of $54.75 and a 1 year high of $74.97.

Unilever (NYSE:UL - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.84 by ($0.92). The company had revenue of $14.62 billion during the quarter, compared to analyst estimates of $14.80 billion. On average, research analysts anticipate that Unilever PLC will post 3.51 EPS for the current fiscal year.

About Unilever

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.

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