Unilever PLC (NYSE:UL) Receives Average Recommendation of “Hold” from Analysts
Shares of Unilever PLC (NYSE:UL) have earned a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $26.00.
UL has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Unilever PLC from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Saturday, June 24th. UBS AG reiterated a “neutral” rating on shares of Unilever PLC in a report on Monday, July 17th. Finally, Royal Bank Of Canada lowered shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a report on Friday.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sky Investment Group LLC raised its position in Unilever PLC by 1.1% in the first quarter. Sky Investment Group LLC now owns 51,876 shares of the company’s stock valued at $2,560,000 after buying an additional 546 shares during the last quarter. West Coast Financial LLC purchased a new position in Unilever PLC during the first quarter valued at about $200,000. Bollard Group LLC raised its position in Unilever PLC by 12.3% in the first quarter. Bollard Group LLC now owns 42,424 shares of the company’s stock valued at $2,093,000 after buying an additional 4,641 shares during the last quarter. Granite Investment Advisors LLC raised its position in Unilever PLC by 9.8% in the first quarter. Granite Investment Advisors LLC now owns 345,489 shares of the company’s stock valued at $17,046,000 after buying an additional 30,732 shares during the last quarter. Finally, Hartford Financial Management Inc. raised its position in Unilever PLC by 143.7% in the first quarter. Hartford Financial Management Inc. now owns 2,476 shares of the company’s stock valued at $122,000 after buying an additional 1,460 shares during the last quarter. Hedge funds and other institutional investors own 8.41% of the company’s stock.
Shares of Unilever PLC (NYSE UL) traded up 0.503% during trading on Friday, hitting $56.975. 855,487 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $55.68 and its 200-day moving average price is $51.13. Unilever PLC has a 1-year low of $38.58 and a 1-year high of $57.65. The stock has a market cap of $160.24 billion, a PE ratio of 23.769 and a beta of 0.88.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Friday, August 4th will be issued a dividend of $0.409 per share. This is a positive change from Unilever PLC’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $1.64 annualized dividend and a yield of 2.89%.
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Unilever PLC Company Profile
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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