Unilever plc (UL) Rating Reiterated by JPMorgan Chase & Co.
Unilever plc (NYSE:UL)‘s stock had its “buy” rating restated by equities researchers at JPMorgan Chase & Co. in a research note issued on Thursday.
A number of other analysts have also recently commented on UL. Liberum Capital restated a “sell” rating on shares of Unilever plc in a research report on Wednesday, May 25th. Zacks Investment Research cut Unilever plc from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Royal Bank Of Canada cut Unilever plc from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. RBC Capital Markets reiterated a “sector perform” rating on shares of Unilever plc in a research report on Sunday, July 24th. Finally, Sanford C. Bernstein started coverage on Unilever plc in a research report on Monday, August 22nd. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $51.00.
Shares of Unilever plc (NYSE:UL) opened at 46.34 on Thursday. The company has a market cap of $131.55 billion, a P/E ratio of 23.87 and a beta of 0.70. Unilever plc has a 52-week low of $38.60 and a 52-week high of $48.97. The company has a 50-day moving average price of $46.78 and a 200-day moving average price of $46.03.
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The company also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Friday, August 5th were paid a dividend of $0.348 per share. The ex-dividend date was Wednesday, August 3rd. This is a positive change from Unilever plc’s previous quarterly dividend of $0.32. This represents a $1.39 dividend on an annualized basis and a yield of 3.00%.
Institutional investors have recently made changes to their positions in the stock. Raymond James & Associates raised its position in shares of Unilever plc by 7.3% in the second quarter. Raymond James & Associates now owns 2,305,708 shares of the company’s stock worth $110,467,000 after buying an additional 156,574 shares during the last quarter. Harding Loevner LP raised its position in shares of Unilever plc by 0.3% in the second quarter. Harding Loevner LP now owns 2,259,106 shares of the company’s stock worth $108,236,000 after buying an additional 7,386 shares during the last quarter. Royal Bank of Canada raised its position in shares of Unilever plc by 3.2% in the second quarter. Royal Bank of Canada now owns 1,983,808 shares of the company’s stock worth $95,044,000 after buying an additional 61,351 shares during the last quarter. BB&T Securities LLC raised its position in shares of Unilever plc by 0.6% in the second quarter. BB&T Securities LLC now owns 1,279,033 shares of the company’s stock worth $61,278,000 after buying an additional 7,281 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Unilever plc by 0.8% in the first quarter. UBS Group AG now owns 1,251,011 shares of the company’s stock worth $56,521,000 after buying an additional 9,661 shares during the last quarter.
About Unilever plc
Unilever PLC is a supplier of food, home and personal care products. The Company’s portfolio ranges from nutritionally balanced foods to indulgent ice creams, soaps, shampoos and household care products. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. The Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products.
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