Unilever PLC (UL) Receives $46.50 Consensus Target Price from Brokerages
Shares of Unilever PLC (NYSE:UL) have been given a consensus rating of “Hold” by the fourteen research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $46.50.
Several research analysts have weighed in on UL shares. Zacks Investment Research raised Unilever PLC from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Saturday, September 9th. Argus started coverage on Unilever PLC in a research report on Friday, November 17th. They set a “hold” rating on the stock. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Unilever PLC in a research report on Thursday, September 7th. Finally, Morgan Stanley reaffirmed a “neutral” rating on shares of Unilever PLC in a research report on Wednesday, October 11th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mercer Capital Advisers Inc. boosted its stake in Unilever PLC by 2.6% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock valued at $106,000 after purchasing an additional 50 shares during the period. Advisors Preferred LLC bought a new stake in shares of Unilever PLC during the 3rd quarter valued at $122,000. Hanson & Doremus Investment Management lifted its position in shares of Unilever PLC by 7.2% during the 2nd quarter. Hanson & Doremus Investment Management now owns 2,230 shares of the company’s stock valued at $121,000 after acquiring an additional 150 shares during the period. Fieldpoint Private Securities LLC bought a new stake in shares of Unilever PLC during the 3rd quarter valued at $135,000. Finally, YorkBridge Wealth Partners LLC lifted its position in shares of Unilever PLC by 22.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock valued at $182,000 after acquiring an additional 613 shares during the period. Institutional investors and hedge funds own 7.23% of the company’s stock.
Unilever PLC (NYSE:UL) traded down $0.17 during trading hours on Friday, hitting $55.84. The company’s stock had a trading volume of 745,775 shares, compared to its average volume of 1,689,500. Unilever PLC has a 52-week low of $38.79 and a 52-week high of $60.13.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 3rd will be paid a $0.4217 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This is an increase from Unilever PLC’s previous quarterly dividend of $0.41. This represents a $1.69 annualized dividend and a yield of 3.02%. Unilever PLC’s payout ratio is 68.91%.
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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