Unilever PLC (NYSE:UL) Receives $48.00 Consensus Price Target from Analysts

Unilever PLC (NYSE:UL) has been assigned a consensus recommendation of “Reduce” from the five research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $48.00.

A number of analysts recently weighed in on UL shares. StockNews.com downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley lowered shares of Unilever from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th.

Hedge Funds Weigh In On Unilever

A number of institutional investors have recently added to or reduced their stakes in the company. Bell Bank grew its holdings in Unilever by 4.9% during the first quarter. Bell Bank now owns 44,225 shares of the company’s stock worth $2,220,000 after purchasing an additional 2,054 shares during the period. BSW Wealth Partners lifted its position in shares of Unilever by 13.9% in the first quarter. BSW Wealth Partners now owns 7,507 shares of the company’s stock valued at $377,000 after buying an additional 914 shares during the last quarter. Absher Wealth Management LLC lifted its position in shares of Unilever by 5.9% in the first quarter. Absher Wealth Management LLC now owns 5,133 shares of the company’s stock valued at $258,000 after buying an additional 288 shares during the last quarter. Sage Mountain Advisors LLC bought a new position in shares of Unilever during the 1st quarter worth approximately $363,000. Finally, Summit Trail Advisors LLC increased its holdings in shares of Unilever by 9.5% during the 1st quarter. Summit Trail Advisors LLC now owns 5,715 shares of the company’s stock worth $287,000 after acquiring an additional 498 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Unilever Trading Down 0.2 %

NYSE UL opened at $47.98 on Wednesday. Unilever has a 12 month low of $46.16 and a 12 month high of $55.99. The stock has a 50-day simple moving average of $49.12 and a 200 day simple moving average of $48.52.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were paid a $0.4582 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.83 dividend on an annualized basis and a yield of 3.82%.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.