Unilever (NYSE:UL) Upgraded by Redburn Atlantic to Buy

Redburn Atlantic upgraded shares of Unilever (NYSE:ULFree Report) from a neutral rating to a buy rating in a research note issued to investors on Friday morning, Marketbeat reports.

Several other brokerages have also recently weighed in on UL. JPMorgan Chase & Co. upgraded shares of Unilever from an underweight rating to an overweight rating in a research note on Thursday, May 23rd. Argus upped their price objective on Unilever from $58.00 to $60.00 and gave the stock a buy rating in a research note on Wednesday, May 8th. Morgan Stanley downgraded Unilever from an equal weight rating to an underweight rating and lowered their target price for the company from $52.00 to $48.00 in a research report on Tuesday, February 27th. Finally, StockNews.com upgraded Unilever from a hold rating to a buy rating in a research report on Wednesday, May 1st. Three analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and an average price target of $54.00.

View Our Latest Report on Unilever

Unilever Stock Down 0.8 %

Shares of UL opened at $55.61 on Friday. Unilever has a one year low of $46.16 and a one year high of $56.19. The business has a fifty day moving average of $51.61 and a 200 day moving average of $49.80.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a dividend of $0.4556 per share. This represents a $1.82 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Thursday, May 16th.

Hedge Funds Weigh In On Unilever

Hedge funds have recently modified their holdings of the stock. Atria Wealth Solutions Inc. boosted its stake in Unilever by 4.9% during the third quarter. Atria Wealth Solutions Inc. now owns 70,738 shares of the company’s stock valued at $3,494,000 after buying an additional 3,289 shares during the last quarter. Gamco Investors INC. ET AL increased its position in Unilever by 2.3% in the third quarter. Gamco Investors INC. ET AL now owns 17,029 shares of the company’s stock worth $841,000 after purchasing an additional 375 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Unilever by 2.6% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 47,567 shares of the company’s stock valued at $2,350,000 after purchasing an additional 1,183 shares in the last quarter. Pathstone Family Office LLC lifted its position in Unilever by 40.5% during the third quarter. Pathstone Family Office LLC now owns 67,053 shares of the company’s stock valued at $3,317,000 after purchasing an additional 19,319 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Unilever by 8.4% in the 3rd quarter. HighTower Advisors LLC now owns 452,228 shares of the company’s stock worth $22,269,000 after buying an additional 34,970 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Company Profile

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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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