Unilever PLC (UL) Now Covered by Analysts at Argus
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.
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.
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