Janney Montgomery Scott LLC Acquires 74,211 Shares of Unilever PLC $UL

Janney Montgomery Scott LLC increased its stake in shares of Unilever PLC (NYSE:UL) by 10.3% during the second quarter, HoldingsChannel.com reports. The firm owned 795,511 shares of the company’s stock after buying an additional 74,211 shares during the period. Janney Montgomery Scott LLC’s holdings in Unilever were worth $47,826,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Evergreen Capital Management LLC increased its stake in Unilever by 160.8% in the 4th quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company’s stock worth $5,375,000 after purchasing an additional 50,682 shares during the period. Saturna Capital Corp boosted its stake in shares of Unilever by 38.0% during the first quarter. Saturna Capital Corp now owns 794,310 shares of the company’s stock valued at $45,252,000 after purchasing an additional 218,767 shares during the period. Diversify Wealth Management LLC grew its holdings in shares of Unilever by 77.6% in the first quarter. Diversify Wealth Management LLC now owns 39,116 shares of the company’s stock worth $2,226,000 after purchasing an additional 17,093 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Unilever by 16.4% in the first quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock worth $379,501,000 after purchasing an additional 937,346 shares during the last quarter. Finally, Managed Asset Portfolios LLC increased its stake in shares of Unilever by 12.5% in the fourth quarter. Managed Asset Portfolios LLC now owns 299,763 shares of the company’s stock worth $19,604,000 after buying an additional 33,324 shares during the period. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Unilever Stock Down 0.9%

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 12 month low of $54.75 and a 12 month high of $74.97.

Unilever (NYSE:UL) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.92). The company had revenue of $14.62 billion for the quarter, compared to the consensus estimate of $14.80 billion. Research analysts forecast that Unilever PLC will post 3.51 earnings per share for the current 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.