Janus Henderson Group PLC Sells 6,293 Shares of Unilever PLC (NYSE:UL)

Janus Henderson Group PLC reduced its stake in shares of Unilever PLC (NYSE:UL) by 23.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,015 shares of the company’s stock after selling 6,293 shares during the quarter. Janus Henderson Group PLC’s holdings in Unilever were worth $1,300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC boosted its stake in shares of Unilever by 393.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after purchasing an additional 425 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of Unilever during the second quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Unilever during the third quarter valued at approximately $35,000. Jamison Private Wealth Management Inc. raised its holdings in shares of Unilever by 202.5% in the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after buying an additional 405 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Unilever during the 3rd quarter worth approximately $40,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Price Performance

UL opened at $58.87 on Friday. Unilever PLC has a 12-month low of $46.46 and a 12-month high of $65.87. The business’s fifty day simple moving average is $60.26 and its 200-day simple moving average is $60.10.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were issued a dividend of $0.4755 per share. This represents a $1.90 annualized dividend and a yield of 3.23%. This is a boost from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, November 8th.

Wall Street Analyst Weigh In

Several equities analysts have commented on UL shares. Erste Group Bank reaffirmed a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and raised their price target for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $61.75.

Unilever Company 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.