Unilever (NYSE:UL) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Unilever PLC (NYSE:UL) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $67.65 and traded as high as $69.54. Unilever shares last traded at $69.2160, with a volume of 3,385,715 shares.

Analysts Set New Price Targets

Several analysts have issued reports on UL shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Unilever in a research note on Thursday, December 11th. BNP Paribas Exane set a $71.00 target price on Unilever and gave the company a “neutral” rating in a research report on Thursday, January 8th. Zacks Research cut Unilever from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. UBS Group reaffirmed a “sell” rating on shares of Unilever in a research note on Wednesday, December 10th. Finally, Weiss Ratings downgraded shares of Unilever from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Unilever presently has an average rating of “Hold” and an average price target of $65.55.

Unilever Stock Up 0.6%

The firm’s 50 day moving average is $65.64 and its two-hundred day moving average is $67.65.

Institutional Investors Weigh In On Unilever

Institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in Unilever by 9.3% during the third quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock worth $2,054,973,000 after purchasing an additional 2,935,227 shares during the period. Norges Bank acquired a new stake in shares of Unilever in the second quarter valued at approximately $144,979,000. Thrivent Financial for Lutherans boosted its stake in shares of Unilever by 13,906.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,268,300 shares of the company’s stock worth $134,465,000 after acquiring an additional 2,252,105 shares during the period. Fisher Asset Management LLC increased its holdings in shares of Unilever by 10.2% during the 2nd quarter. Fisher Asset Management LLC now owns 21,578,648 shares of the company’s stock worth $1,319,966,000 after acquiring an additional 1,989,631 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of Unilever during the 3rd quarter worth approximately $82,461,000. 9.67% of the stock is owned by institutional investors.

About Unilever

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.