Unilever PLC (NYSE:UL) Given Average Recommendation of “Hold” by Brokerages

Unilever PLC (NYSE:ULGet Free Report) has earned an average recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $54.00.

A number of research analysts have recently commented on UL shares. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Argus raised their target price on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, Morgan Stanley lowered Unilever from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th.

Read Our Latest Report on Unilever

Hedge Funds Weigh In On Unilever

A number of hedge funds have recently made changes to their positions in the stock. Pathway Financial Advisers LLC acquired a new stake in Unilever during the 1st quarter valued at approximately $1,806,000. Cetera Advisors LLC raised its stake in Unilever by 199.4% during the first quarter. Cetera Advisors LLC now owns 80,556 shares of the company’s stock worth $4,043,000 after buying an additional 53,651 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Unilever by 213.6% in the first quarter. Cetera Investment Advisers now owns 277,679 shares of the company’s stock valued at $13,937,000 after buying an additional 189,121 shares during the period. Raelipskie Partnership boosted its position in Unilever by 44.7% during the first quarter. Raelipskie Partnership now owns 13,377 shares of the company’s stock valued at $671,000 after acquiring an additional 4,132 shares during the last quarter. Finally, Garner Asset Management Corp grew its holdings in Unilever by 6.2% during the 1st quarter. Garner Asset Management Corp now owns 13,620 shares of the company’s stock worth $684,000 after acquiring an additional 790 shares during the period. 9.67% of the stock is currently owned by institutional investors.

Unilever Price Performance

UL stock opened at $56.10 on Thursday. The company’s 50-day moving average price is $51.39 and its two-hundred day moving average price is $49.70. Unilever has a 12 month low of $46.16 and a 12 month high of $56.11.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.4556 per share. This represents a $1.82 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, May 16th.

Unilever Company Profile

(Get Free Report

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.

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Analyst Recommendations for Unilever (NYSE:UL)

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