Unilever PLC (UL) Given Consensus Recommendation of “Hold” by Analysts
Shares of Unilever PLC (NYSE:UL) have been assigned a consensus rating of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $26.00.
Several brokerages have recently issued reports on UL. Zacks Investment Research upgraded shares of Unilever PLC from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a report on Saturday, September 9th. J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever PLC in a report on Thursday, September 7th. Royal Bank Of Canada cut shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a report on Friday, August 11th. Finally, UBS AG restated a “neutral” rating on shares of Unilever PLC in a report on Monday, July 17th.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Perigon Wealth Management LLC increased its holdings in shares of Unilever PLC by 113.8% in the 2nd quarter. Perigon Wealth Management LLC now owns 5,788 shares of the company’s stock valued at $313,000 after purchasing an additional 3,081 shares in the last quarter. Hall Laurie J Trustee increased its holdings in shares of Unilever PLC by 11.3% in the 2nd quarter. Hall Laurie J Trustee now owns 14,535 shares of the company’s stock valued at $787,000 after purchasing an additional 1,475 shares in the last quarter. WFG Advisors LP increased its holdings in shares of Unilever PLC by 11.8% in the 2nd quarter. WFG Advisors LP now owns 4,838 shares of the company’s stock valued at $262,000 after purchasing an additional 511 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Unilever PLC by 1.2% in the 2nd quarter. Toronto Dominion Bank now owns 11,890 shares of the company’s stock valued at $644,000 after purchasing an additional 138 shares in the last quarter. Finally, GRATRY & Co LLC purchased a new position in shares of Unilever PLC in the 2nd quarter valued at about $1,197,000. Institutional investors and hedge funds own 7.28% of the company’s stock.
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Unilever PLC (UL) traded up 1.13% on Friday, hitting $57.96. 1,202,292 shares of the company’s stock were exchanged. Unilever PLC has a 12-month low of $38.58 and a 12-month high of $59.68. The company has a market cap of $163.01 billion, a PE ratio of 23.87 and a beta of 0.88. The company’s 50-day moving average price is $57.91 and its 200-day moving average price is $54.10.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Friday, August 4th were given a dividend of $0.409 per share. The ex-dividend date was Wednesday, August 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 2.82%. This is an increase from Unilever PLC’s previous quarterly dividend of $0.38.
About Unilever PLC
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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