Unilever plc (UL) Given Average Rating of “Hold” by Brokerages
Unilever plc (NYSE:UL) has received a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $26.00.
Several equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a report on Monday, December 18th. Morgan Stanley reiterated a “neutral” rating on shares of Unilever in a report on Wednesday, October 11th. Finally, Argus assumed coverage on shares of Unilever in a report on Friday, November 17th. They issued a “hold” rating on the stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Harding Loevner LP raised its holdings in shares of Unilever by 5,115.5% during the third quarter. Harding Loevner LP now owns 136,128,531 shares of the company’s stock worth $24,696,000 after acquiring an additional 133,518,453 shares during the period. Mawer Investment Management Ltd. raised its holdings in shares of Unilever by 2.5% during the third quarter. Mawer Investment Management Ltd. now owns 4,009,541 shares of the company’s stock worth $232,393,000 after acquiring an additional 99,177 shares during the period. Artisan Partners Limited Partnership raised its holdings in shares of Unilever by 1.4% during the third quarter. Artisan Partners Limited Partnership now owns 2,686,581 shares of the company’s stock worth $155,714,000 after acquiring an additional 38,154 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Unilever by 2.6% during the third quarter. Ameriprise Financial Inc. now owns 2,409,797 shares of the company’s stock worth $140,549,000 after acquiring an additional 61,009 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Unilever by 47.6% during the second quarter. Goldman Sachs Group Inc. now owns 1,837,277 shares of the company’s stock worth $99,434,000 after acquiring an additional 592,653 shares during the period. Institutional investors own 7.09% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Shareholders of record on Friday, November 3rd were issued a $0.4217 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This is a positive change from Unilever’s previous quarterly dividend of $0.41. This represents a $1.69 annualized dividend and a yield of 3.04%. Unilever’s dividend payout ratio (DPR) is 68.44%.
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Unilever 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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