Unilever PLC (NYSE:UL) Given Consensus Rating of “Hold” by Brokerages

Shares of Unilever PLC (NYSE:ULGet Rating) have earned an average rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $46.00.

A number of brokerages have commented on UL. Deutsche Bank Aktiengesellschaft raised Unilever from a “hold” rating to a “buy” rating in a report on Tuesday, July 26th. Sanford C. Bernstein raised Unilever from a “market perform” rating to an “outperform” rating in a report on Friday, July 22nd. StockNews.com assumed coverage on Unilever in a research report on Tuesday, November 8th. They set a “buy” rating for the company. DZ Bank downgraded Unilever from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Morgan Stanley upped their target price on Unilever from $42.75 to $46.00 in a research report on Tuesday, November 1st.

Unilever Price Performance

Shares of NYSE UL opened at $48.47 on Thursday. The stock’s fifty day moving average price is $45.07 and its two-hundred day moving average price is $45.69. Unilever has a one year low of $42.44 and a one year high of $54.35. The firm has a market cap of $123.34 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 2.50 and a beta of 0.41.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Friday, November 18th will be given a dividend of $0.4211 per share. The ex-dividend date is Thursday, November 17th. This represents a $1.68 annualized dividend and a dividend yield of 3.48%. Unilever’s dividend payout ratio is currently 61.87%.

Hedge Funds Weigh In On Unilever

Several large investors have recently bought and sold shares of the company. Advisors Capital Management LLC raised its position in Unilever by 12.8% in the third quarter. Advisors Capital Management LLC now owns 552,878 shares of the company’s stock valued at $26,234,000 after purchasing an additional 62,870 shares during the last quarter. Liberty One Investment Management LLC raised its position in Unilever by 11.9% in the third quarter. Liberty One Investment Management LLC now owns 20,654 shares of the company’s stock valued at $905,000 after purchasing an additional 2,192 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Unilever by 6.9% in the third quarter. Captrust Financial Advisors now owns 80,946 shares of the company’s stock valued at $3,549,000 after buying an additional 5,225 shares during the period. Baird Financial Group Inc. increased its stake in shares of Unilever by 17.1% in the third quarter. Baird Financial Group Inc. now owns 230,577 shares of the company’s stock valued at $10,108,000 after buying an additional 33,708 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Unilever by 21.8% in the third quarter. CIBC Private Wealth Group LLC now owns 60,518 shares of the company’s stock valued at $2,654,000 after buying an additional 10,836 shares during the period. 9.68% of the stock is currently owned by institutional investors.

About Unilever

(Get Rating)

Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products. The Foods & Refreshment segment offers ice cream, soups, bouillons, seasonings, mayonnaise, ketchups, and tea categories.

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Analyst Recommendations for Unilever (NYSE:UL)

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