Unilever (NYSE:UL) Stock Gets Price Target Reduction from TD Cowen

Unilever (NYSE:UL) had its target price decreased by TD Cowen from $76.00 to $74.00 in a research note issued to investors on Tuesday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on UL. Zacks Research raised Unilever from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Sanford C. Bernstein reissued a “buy” rating on shares of Unilever in a research report on Wednesday, September 30th. Jefferies Financial Group reissued an “underperform” rating on shares of Unilever in a research report on Monday. DZ Bank reissued a “buy” rating on shares of Unilever in a report on Wednesday, July 29th. Finally, Weiss Ratings raised Unilever from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Unilever presently has a consensus rating of “Hold” and an average price target of $68.37.

Unilever Stock Performance

Shares of UL opened at $64.63 on Tuesday. Unilever has a 12-month low of $54.75 and a 12-month high of $74.97. The company has a 50-day moving average of $62.76 and a two-hundred day moving average of $60.42.

Unilever (NYSE:UL) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $1.84 by ($1.25). The firm had revenue of $14.62 billion for the quarter, compared to analyst estimates of $14.80 billion. On average, equities research analysts expect that Unilever will post 3.57 earnings per share for the current year.

Institutional Investors Weigh In On Unilever

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of Unilever by 16.4% during the first quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock valued at $379,501,000 after buying an additional 937,346 shares during the period. Royal Bank of Canada grew its stake in Unilever by 13.6% in the 1st quarter. Royal Bank of Canada now owns 3,403,807 shares of the company’s stock worth $193,915,000 after acquiring an additional 406,610 shares during the period. Hamlin Capital Management LLC grew its stake in Unilever by 11.6% in the 2nd quarter. Hamlin Capital Management LLC now owns 2,722,721 shares of the company’s stock worth $163,690,000 after acquiring an additional 282,076 shares during the period. Lazard Asset Management LLC grew its stake in Unilever by 674.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company’s stock worth $159,208,000 after acquiring an additional 2,433,625 shares during the period. Finally, Equity Investment Corp grew its stake in Unilever by 2.4% in the 2nd quarter. Equity Investment Corp now owns 1,996,952 shares of the company’s stock worth $120,057,000 after acquiring an additional 46,801 shares during the period. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Company Profile

Unilever PLC is a global consumer goods company headquartered in London, England. It develops, manufactures and markets branded products across beauty and wellbeing, personal care, home care and nutrition. Its portfolio includes widely recognized brands such as Dove, Vaseline, Axe, Rexona, Cif, Domestos, Knorr, Hellmann’s and Magnum, although product availability varies by market.

The company’s products are sold through supermarkets, convenience stores, pharmacies, e-commerce platforms and other retail channels in countries around the world.