Jennison Associates LLC Sells 41,322 Shares of Unilever PLC (NYSE:UL)

Jennison Associates LLC lowered its position in shares of Unilever PLC (NYSE:UL - Free Report) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,413,364 shares of the company's stock after selling 41,322 shares during the period. Jennison Associates LLC owned 0.14% of Unilever worth $203,266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in UL. Bank of America Corp DE raised its holdings in shares of Unilever by 3.4% during the 4th quarter. Bank of America Corp DE now owns 7,906,824 shares of the company's stock worth $448,317,000 after buying an additional 257,538 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Unilever by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,103,075 shares of the company's stock worth $289,345,000 after acquiring an additional 250,053 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Unilever by 2.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,925,891 shares of the company's stock worth $233,787,000 after acquiring an additional 95,359 shares during the last quarter. Clearbridge Investments LLC grew its position in Unilever by 140.1% during the 4th quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company's stock worth $210,883,000 after acquiring an additional 2,170,242 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Unilever by 0.5% during the 4th quarter. Royal Bank of Canada now owns 2,926,892 shares of the company's stock worth $165,955,000 after acquiring an additional 14,083 shares during the last quarter. Institutional investors own 9.67% of the company's stock.

Unilever Price Performance

Shares of Unilever stock traded down $0.02 during trading hours on Monday, reaching $59.68. The company had a trading volume of 1,804,088 shares, compared to its average volume of 2,474,013. Unilever PLC has a one year low of $54.32 and a one year high of $65.87. The business has a fifty day simple moving average of $62.05 and a 200 day simple moving average of $59.98.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 16th were given a $0.5151 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Friday, May 16th. This is an increase from Unilever's previous quarterly dividend of $0.47. Unilever's dividend payout ratio (DPR) is 59.03%.

Analyst Ratings Changes

A number of research firms have commented on UL. Wall Street Zen lowered Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. BNP Paribas Exane started coverage on Unilever in a research note on Thursday, May 29th. They set an "outperform" rating and a $73.00 price target on the stock. BNP Paribas raised Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. Finally, UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Unilever currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.67.

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.