Jacobs & Co. CA Has $4.22 Million Position in Unilever PLC $UL

Jacobs & Co. CA cut its position in Unilever PLC (NYSE:UL) by 21.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 64,509 shares of the company’s stock after selling 17,904 shares during the period. Jacobs & Co. CA’s holdings in Unilever were worth $4,218,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Palisade Asset Management LLC acquired a new position in shares of Unilever in the third quarter valued at approximately $25,000. Global Wealth Strategies & Associates bought a new position in Unilever in the 4th quarter valued at approximately $29,000. Asset Dedication LLC boosted its position in Unilever by 108.8% during the 3rd quarter. Asset Dedication LLC now owns 476 shares of the company’s stock worth $28,000 after buying an additional 248 shares during the period. Financial Life Planners acquired a new stake in Unilever during the 3rd quarter worth approximately $30,000. Finally, FNY Investment Advisers LLC bought a new stake in Unilever during the 3rd quarter worth approximately $29,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Price Performance

NYSE:UL opened at $62.37 on Thursday. Unilever PLC has a fifty-two week low of $61.78 and a fifty-two week high of $74.97. The company has a 50 day simple moving average of $68.60 and a two-hundred day simple moving average of $67.97.

Unilever (NYSE:UL) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.00). The firm had revenue of $11.87 billion for the quarter, compared to the consensus estimate of $31.39 billion. As a group, equities research analysts anticipate that Unilever PLC will post 3.27 earnings per share for the current year.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, February 27th will be issued a $0.5547 dividend. The ex-dividend date is Friday, February 27th. This represents a $2.22 annualized dividend and a yield of 3.6%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings cut shares of Unilever from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. UBS Group reissued a “sell” rating on shares of Unilever in a research note on Wednesday, December 10th. BNP Paribas Exane set a $71.00 price objective on Unilever and gave the company a “neutral” rating in a report on Thursday, January 8th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research report on Monday, February 23rd. Finally, DZ Bank downgraded Unilever from a “buy” rating to a “hold” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Unilever has an average rating of “Hold” and an average target price of $65.55.

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.