Unilever PLC (NYSE:UL) Receives Average Recommendation of “Hold” from Analysts

Shares of Unilever PLC (NYSE:UL) have earned an average rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $65.55.

UL has been the subject of a number of recent analyst reports. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research report on Monday, May 18th. Royal Bank Of Canada upgraded Unilever from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, April 21st. Argus upgraded Unilever to a “strong-buy” rating in a research report on Monday, March 2nd. Weiss Ratings cut Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Finally, DZ Bank raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th.

Unilever Stock Performance

Unilever stock opened at $60.44 on Friday. Unilever has a 12 month low of $54.75 and a 12 month high of $74.97. The business has a 50 day simple moving average of $57.70 and a 200-day simple moving average of $62.80.

Institutional Trading of Unilever

A number of institutional investors have recently made changes to their positions in the company. Natixis Advisors LLC raised its holdings in shares of Unilever by 3.1% in the 3rd quarter. Natixis Advisors LLC now owns 1,247,467 shares of the company’s stock valued at $73,950,000 after buying an additional 37,630 shares during the period. Evergreen Capital Management LLC raised its holdings in shares of Unilever by 160.8% in the 4th quarter. Evergreen Capital Management LLC now owns 82,192 shares of the company’s stock valued at $5,375,000 after buying an additional 50,682 shares during the period. DAVENPORT & Co LLC raised its holdings in shares of Unilever by 37.3% in the 4th quarter. DAVENPORT & Co LLC now owns 78,400 shares of the company’s stock valued at $5,127,000 after buying an additional 21,313 shares during the period. Wellington Management Group LLP raised its holdings in shares of Unilever by 9.3% in the 3rd quarter. Wellington Management Group LLP now owns 34,665,544 shares of the company’s stock valued at $2,054,973,000 after buying an additional 2,935,227 shares during the period. Finally, Cullen Investment Group LTD. purchased a new stake in shares of Unilever in the 4th quarter valued at $5,003,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Unilever Company Profile

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.