Argus started coverage on shares of Unilever PLC (NYSE:UL) in a research note issued to investors on Friday morning, Marketbeat Ratings reports. The brokerage issued a hold rating on the stock.

A number of other brokerages have also recently issued reports on UL. Zacks Investment Research cut shares of Unilever PLC from a buy rating to a sell rating in a report on Saturday, October 14th. J P Morgan Chase & Co reissued a neutral rating on shares of Unilever PLC in a report on Thursday, September 7th. Morgan Stanley reissued a neutral rating on shares of Unilever PLC in a report on Wednesday, October 11th. Finally, 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. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Unilever PLC presently has a consensus rating of Hold and a consensus target price of $46.50.

Shares of Unilever PLC (UL) opened at $55.33 on Friday. Unilever PLC has a 1-year low of $38.79 and a 1-year high of $60.13.

TRADEMARK VIOLATION WARNING: “Unilever PLC (UL) Now Covered by Analysts at Argus” was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this story can be accessed at https://www.watchlistnews.com/unilever-plc-ul-now-covered-by-analysts-at-argus/1716959.html.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 3rd will be issued a $0.4217 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.69 annualized dividend and a dividend yield of 3.05%. This is a boost from Unilever PLC’s previous quarterly dividend of $0.41. Unilever PLC’s dividend payout ratio is presently 68.62%.

Several institutional investors have recently added to or reduced their stakes in UL. Mercer Capital Advisers Inc. grew its position in Unilever PLC by 2.6% in the second quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock worth $106,000 after acquiring an additional 50 shares in the last quarter. Hanson & Doremus Investment Management grew its position in Unilever PLC by 7.2% in the second quarter. Hanson & Doremus Investment Management now owns 2,230 shares of the company’s stock worth $121,000 after acquiring an additional 150 shares in the last quarter. Advisors Preferred LLC purchased a new position in Unilever PLC in the third quarter worth $122,000. Fieldpoint Private Securities LLC purchased a new position in Unilever PLC in the third quarter worth $135,000. Finally, YorkBridge Wealth Partners LLC grew its position in Unilever PLC by 22.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock worth $182,000 after acquiring an additional 613 shares in the last quarter. 7.23% of the stock is currently owned by hedge funds and other institutional investors.

Unilever PLC Company Profile

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.

Analyst Recommendations for Unilever PLC (NYSE:UL)

Receive News & Ratings for Unilever PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.