Unilever (NYSE:UL) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Unilever PLC (NYSE:UL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $67.65 and traded as high as $69.54. Unilever shares last traded at $69.2160, with a volume of 3,385,715 shares traded.

Analyst Upgrades and Downgrades

UL has been the topic of a number of recent research reports. Morgan Stanley set a $60.10 price objective on Unilever and gave the company an “overweight” rating in a research report on Monday, December 15th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Wednesday, January 7th. Zacks Research lowered Unilever from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Unilever in a report on Thursday, December 11th. Finally, BNP Paribas Exane set a $71.00 target price on shares of Unilever and gave the company a “neutral” rating in a research report on Thursday, January 8th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $65.55.

Unilever Trading Up 0.6%

The business’s 50-day moving average price is $65.64 and its two-hundred day moving average price is $67.65.

Institutional Investors Weigh In On Unilever

Hedge funds have recently modified their holdings of the business. NewEdge Wealth LLC increased its stake in Unilever by 1.3% during the 4th quarter. NewEdge Wealth LLC now owns 59,095 shares of the company’s stock worth $3,865,000 after purchasing an additional 777 shares in the last quarter. MGO One Seven LLC lifted its stake in Unilever by 40.4% in the fourth quarter. MGO One Seven LLC now owns 56,461 shares of the company’s stock valued at $3,693,000 after buying an additional 16,240 shares in the last quarter. Indivisible Partners acquired a new position in shares of Unilever in the fourth quarter valued at approximately $241,000. Aurora Private Wealth Inc. bought a new stake in shares of Unilever during the fourth quarter worth $254,000. Finally, Benjamin Edwards Inc. increased its position in shares of Unilever by 17.0% during the fourth quarter. Benjamin Edwards Inc. now owns 57,792 shares of the company’s stock worth $3,779,000 after acquiring an additional 8,382 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

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.