Unilever (NYSE:UL) Given New $60.00 Price Target at Argus

Unilever (NYSE:UL) had its price target boosted by Argus from $58.00 to $60.00 in a report published on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently commented on UL. StockNews.com upgraded shares of Unilever from a hold rating to a buy rating in a report on Wednesday, May 1st. Morgan Stanley downgraded shares of Unilever from an equal weight rating to an underweight rating and dropped their target price for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Unilever currently has a consensus rating of Hold and an average target price of $54.00.

Unilever Stock Up 1.4 %

Shares of NYSE UL traded up $0.73 during midday trading on Wednesday, reaching $53.42. The company’s stock had a trading volume of 4,055,211 shares, compared to its average volume of 2,930,902. The company has a 50 day moving average price of $49.37 and a 200 day moving average price of $48.78. Unilever has a one year low of $46.16 and a one year high of $54.38.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a dividend of $0.4556 per share. This represents a $1.82 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Thursday, May 16th.

Institutional Trading of Unilever

Large investors have recently added to or reduced their stakes in the business. Red Tortoise LLC bought a new stake in Unilever in the first quarter worth approximately $26,000. Life Planning Partners Inc acquired a new stake in shares of Unilever in the fourth quarter worth $27,000. Jones Financial Companies Lllp lifted its stake in shares of Unilever by 111.5% in the third quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock worth $27,000 after buying an additional 291 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Unilever in the first quarter worth $28,000. Finally, Rise Advisors LLC acquired a new stake in shares of Unilever in the first quarter worth $28,000. 9.67% of the stock is owned by institutional investors.

Unilever Company Profile

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.