Unilever (NYSE:UL) Cut to Strong Sell at Zacks Research

Unilever (NYSE:UL) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

UL has been the subject of a number of other research reports. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Monday, May 18th. Weiss Ratings cut Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Argus upgraded shares of Unilever to a “strong-buy” rating in a research note on Monday, March 2nd. DZ Bank upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 8th. Finally, Royal Bank Of Canada raised shares of Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $65.55.

Unilever Price Performance

UL stock opened at $60.05 on Monday. Unilever has a twelve month low of $54.75 and a twelve month high of $74.97. The business’s 50-day simple moving average is $57.86 and its 200 day simple moving average is $62.74.

Institutional Trading of Unilever

A number of hedge funds have recently modified their holdings of UL. Elyxium Wealth LLC acquired a new position in Unilever during the 4th quarter worth approximately $25,000. Financial Life Planners bought a new stake in shares of Unilever during the 1st quarter worth about $25,000. Palisade Asset Management LLC bought a new position in shares of Unilever during the third quarter worth approximately $25,000. Bard Associates Inc. bought a new position in Unilever during the 4th quarter worth $27,000. Finally, Asset Dedication LLC lifted its holdings in shares of Unilever by 108.8% during the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock worth $28,000 after buying an additional 248 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

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.