Zacks Investment Research upgraded shares of Unilever PLC (NYSE:UL) from a hold rating to a buy rating in a research report released on Friday. They currently have $66.00 price objective on the stock.
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 equities research analysts have also recently issued reports about the company. UBS AG reaffirmed a neutral rating on shares of Unilever PLC in a research report on Monday, July 17th. J P Morgan Chase & Co reaffirmed a neutral rating on shares of Unilever PLC in a research report on Thursday, September 7th. Finally, Royal Bank Of Canada cut Unilever PLC from a sector perform rating to an underperform rating in a research report on Friday, August 11th. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $46.00.
Shares of Unilever PLC (UL) opened at 59.23 on Friday. Unilever PLC has a 52 week low of $38.58 and a 52 week high of $59.68. The company has a 50-day moving average price of $57.85 and a 200-day moving average price of $54.01. The company has a market capitalization of $166.58 billion, a PE ratio of 24.92 and a beta of 0.88.
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The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Friday, August 4th were given a $0.409 dividend. This represents a $1.64 annualized dividend and a yield of 2.76%. This is a boost from Unilever PLC’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, August 2nd.
A number of large investors have recently made changes to their positions in UL. Mercer Capital Advisers Inc. raised its stake in shares of 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 buying an additional 50 shares during the period. Hanson & Doremus Investment Management raised its stake in shares of 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 buying an additional 150 shares during the period. YorkBridge Wealth Partners LLC raised its stake in shares of 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 buying an additional 613 shares during the period. NEXT Financial Group Inc raised its stake in shares of Unilever PLC by 7.6% in the second quarter. NEXT Financial Group Inc now owns 3,616 shares of the company’s stock worth $196,000 after buying an additional 256 shares during the period. Finally, Northstar Group Inc. bought a new position in shares of Unilever PLC in the second quarter worth about $211,000. 7.28% of the stock is currently owned by institutional investors and hedge funds.
About Unilever PLC
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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