Unilever PLC (NYSE:UL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Unilever PLC (NYSE:UL) has earned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $73.00.

Several research analysts have recently issued reports on the company. Zacks Research downgraded Unilever from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. CICC Research started coverage on shares of Unilever in a report on Thursday, August 21st. They issued an “outperform” rating on the stock. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Wednesday, November 5th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Unilever in a research report on Monday, December 1st.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of UL. Wellington Management Group LLP raised its position in shares of Unilever by 13.9% in the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock worth $1,673,381,000 after buying an additional 3,421,054 shares during the period. Russell Investments Group Ltd. increased its stake in Unilever by 65.1% during the first quarter. Russell Investments Group Ltd. now owns 232,096 shares of the company’s stock worth $13,821,000 after acquiring an additional 91,511 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Unilever by 7.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 211,767 shares of the company’s stock worth $12,996,000 after purchasing an additional 15,421 shares during the period. Northern Trust Corp lifted its stake in shares of Unilever by 4.3% in the 1st quarter. Northern Trust Corp now owns 2,260,133 shares of the company’s stock valued at $134,591,000 after purchasing an additional 93,677 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Unilever in the 1st quarter valued at about $613,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Trading Up 0.6%

UL opened at $59.46 on Monday. The business’s fifty day moving average is $60.40 and its two-hundred day moving average is $61.32. Unilever has a one year low of $54.32 and a one year high of $65.66.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.