Jane Street Group LLC reduced its stake in Unilever plc (NYSE:UL) by 37.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,484,699 shares of the company’s stock after selling 877,293 shares during the quarter. Unilever comprises 0.3% of Jane Street Group LLC’s holdings, making the stock its 21st largest position. Jane Street Group LLC owned 0.12% of Unilever worth $86,053,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Advisors Preferred LLC acquired a new position in shares of Unilever during the 3rd quarter worth approximately $122,000. YorkBridge Wealth Partners LLC boosted its position in shares of Unilever by 22.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock worth $182,000 after acquiring an additional 613 shares in the last quarter. Segment Wealth Management LLC acquired a new stake in shares of Unilever during the 3rd quarter worth approximately $201,000. Cable Hill Partners LLC boosted its position in shares of Unilever by 6,866.0% during the 3rd quarter. Cable Hill Partners LLC now owns 3,483 shares of the company’s stock worth $202,000 after acquiring an additional 3,433 shares in the last quarter. Finally, FinTrust Investment Advisory Services LLC acquired a new stake in shares of Unilever during the 3rd quarter worth approximately $203,000. 7.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Unilever plc (NYSE UL) traded down $0.11 during trading on Friday, reaching $55.96. 2,058,000 shares of the company’s stock were exchanged, compared to its average volume of 1,679,422. Unilever plc has a 1 year low of $39.08 and a 1 year high of $60.13.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 3rd will be given a $0.4217 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $1.69 dividend on an annualized basis and a yield of 3.01%. This is a positive change from Unilever’s previous quarterly dividend of $0.41.
UL has been the topic of several analyst reports. Zacks Investment Research lowered shares of Unilever from a “buy” rating to a “sell” rating in a research report on Saturday, October 14th. Royal Bank Of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 11th. Argus initiated coverage on shares of Unilever in a research report on Friday, November 17th. They set a “hold” rating on the stock. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever in a research report on Thursday, September 7th. Finally, Morgan Stanley reiterated a “neutral” rating on shares of Unilever in a research report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $46.50.
Unilever Company Profile
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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