Unilever plc (UL) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Unilever plc (NYSE:UL) have earned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the company. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $36.00.
UL has been the subject of a number of research analyst reports. Macquarie initiated coverage on Unilever plc in a report on Friday, March 17th. They set an “outperform” rating for the company. Bank of America Corp upgraded Unilever plc from an “underperform” rating to a “neutral” rating in a report on Monday, February 27th. Goldman Sachs Group Inc restated a “sell” rating on shares of Unilever plc in a report on Friday, March 24th. Barclays PLC upgraded Unilever plc from an “equal weight” rating to an “overweight” rating in a report on Saturday, March 25th. Finally, ABN Amro cut Unilever plc from a “hold” rating to a “sell” rating in a report on Friday, March 31st.
A number of large investors have recently bought and sold shares of UL. Raymond James Financial Services Advisors Inc. raised its stake in Unilever plc by 1.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 82,763 shares of the company’s stock worth $3,368,000 after buying an additional 1,494 shares in the last quarter. Richard C. Young & CO. LTD. raised its stake in Unilever plc by 1.4% in the fourth quarter. Richard C. Young & CO. LTD. now owns 222,912 shares of the company’s stock worth $9,073,000 after buying an additional 3,123 shares in the last quarter. Guardian Capital Advisors LP raised its stake in Unilever plc by 12.4% in the fourth quarter. Guardian Capital Advisors LP now owns 69,345 shares of the company’s stock worth $2,858,000 after buying an additional 7,674 shares in the last quarter. Trexquant Investment LP bought a new stake in Unilever plc during the fourth quarter worth about $725,000. Finally, Diligent Investors LLC bought a new stake in Unilever plc during the fourth quarter worth about $342,000. 8.60% of the stock is currently owned by institutional investors.
Unilever plc (NYSE:UL) traded down 0.6340% on Friday, reaching $55.0289. 533,339 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $51.91 and a 200-day moving average price of $45.44. Unilever plc has a 52 week low of $38.58 and a 52 week high of $55.45. The stock has a market capitalization of $156.26 billion, a price-to-earnings ratio of 27.7224 and a beta of 0.82.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 7th. Shareholders of record on Friday, May 5th will be given a $0.383 dividend. The ex-dividend date is Wednesday, May 3rd. This represents a $1.53 dividend on an annualized basis and a yield of 2.77%. This is a positive change from Unilever plc’s previous quarterly dividend of $0.35.
About Unilever plc
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
Receive News & Ratings for Unilever plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever plc and related companies with MarketBeat.com's FREE daily email newsletter.