Unilever PLC (UL) Stock Rating Lowered by Zacks Investment Research
Unilever PLC (NYSE:UL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
According to Zacks, “Unilever plc is engaged in manufacturing of branded and packaged consumer goods, including food, detergents and personal care products. The Company also has interests in specialty chemicals. Unilever sells its products internationally. “
UL has been the subject of a number of other research reports. Liberum Capital reiterated a “hold” rating on shares of Unilever PLC in a research note on Monday, March 27th. Bank of America Corporation upgraded Unilever PLC from an “underperform” rating to a “neutral” rating in a research note on Monday, February 27th. ABN Amro cut Unilever PLC from a “hold” rating to a “sell” rating in a research note on Friday, March 31st. Barclays PLC upgraded Unilever PLC from an “equal weight” rating to an “overweight” rating in a research note on Saturday, March 25th. Finally, Macquarie assumed coverage on Unilever PLC in a research note on Friday, March 17th. They set an “outperform” rating for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. Unilever PLC has a consensus rating of “Hold” and an average target price of $36.00.
Shares of Unilever PLC (NYSE:UL) opened at 54.51 on Thursday. The company has a market cap of $154.79 billion, a P/E ratio of 26.75 and a beta of 0.90. The company’s 50-day moving average price is $54.11 and its 200 day moving average price is $47.45. Unilever PLC has a one year low of $38.58 and a one year high of $56.48.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 7th. Shareholders of record on Friday, May 5th were issued a $0.383 dividend. This is a positive change from Unilever PLC’s previous quarterly dividend of $0.35. The ex-dividend date was Wednesday, May 3rd. This represents a $1.53 dividend on an annualized basis and a dividend yield of 2.81%.
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Several hedge funds have recently bought and sold shares of UL. CORDA Investment Management LLC. raised its stake in Unilever PLC by 6.3% in the first quarter. CORDA Investment Management LLC. now owns 334,723 shares of the company’s stock worth $16,515,000 after buying an additional 19,829 shares during the last quarter. Gamble Jones Investment Counsel raised its stake in Unilever PLC by 1.1% in the first quarter. Gamble Jones Investment Counsel now owns 18,897 shares of the company’s stock worth $932,000 after buying an additional 210 shares during the last quarter. Dodge & Cox acquired a new stake in Unilever PLC during the fourth quarter worth approximately $1,363,000. World Asset Management Inc raised its stake in Unilever PLC by 1.4% in the first quarter. World Asset Management Inc now owns 79,991 shares of the company’s stock worth $3,947,000 after buying an additional 1,120 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC raised its stake in Unilever PLC by 25.7% in the first quarter. Reynders McVeigh Capital Management LLC now owns 117,465 shares of the company’s stock worth $5,796,000 after buying an additional 24,029 shares during the last quarter. 8.52% of the stock is owned by institutional investors and hedge funds.
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.
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