Unilever PLC (NYSE:UL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Unilever plc is engaged in manufacturing of branded and packaged consumer goods, including food, detergents and personal care products. The Company also has interests in specialty chemicals. Unilever sells its products internationally. “

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada downgraded shares of Unilever PLC from a “sector perform” rating to an “underperform” rating in a research note on Friday, August 11th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Unilever PLC in a research note on Thursday, September 7th. Finally, UBS AG reissued a “neutral” rating on shares of Unilever PLC in a research note on Monday, July 17th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $46.00.

Unilever PLC (NYSE:UL) opened at 57.66 on Wednesday. Unilever PLC has a 52-week low of $38.58 and a 52-week high of $59.68. The company has a market cap of $162.17 billion, a price-to-earnings ratio of 23.75 and a beta of 0.88. The firm’s 50-day moving average price is $57.91 and its 200-day moving average price is $54.10.

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Several institutional investors have recently bought and sold shares of UL. Mercer Capital Advisers Inc. raised its stake in shares of Unilever PLC by 2.6% during the second quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock valued at $106,000 after acquiring an additional 50 shares in the last quarter. Hanson & Doremus Investment Management raised its stake in shares of Unilever PLC by 7.2% during the second 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 in the last quarter. YorkBridge Wealth Partners LLC raised its stake in shares of Unilever PLC by 22.1% during the second 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 in the last quarter. NEXT Financial Group Inc raised its stake in shares of Unilever PLC by 7.6% during the second quarter. NEXT Financial Group Inc now owns 3,616 shares of the company’s stock valued at $196,000 after acquiring an additional 256 shares in the last quarter. Finally, Azimuth Capital Management LLC bought a new stake in shares of Unilever PLC during the first quarter valued at approximately $202,000. 7.28% of the stock is 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)

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