Zacks Investment Research upgraded shares of Unilever PLC (NYSE:UL) from a sell rating to a buy rating in a research note released on Thursday, October 19th. Zacks Investment Research currently has $67.00 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. “
A number of other equities analysts have also recently commented on UL. Royal Bank Of Canada cut Unilever PLC from a sector perform rating to an underperform rating in a report on Friday, August 11th. J P Morgan Chase & Co restated a neutral rating on shares of Unilever PLC in a research report on Thursday, September 7th. UBS AG reiterated a neutral rating on shares of Unilever PLC in a research report on Monday, July 17th. Finally, Morgan Stanley reiterated a neutral rating on shares of Unilever PLC in a research report on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. Unilever PLC presently has an average rating of Hold and a consensus price target of $46.50.
Shares of Unilever PLC (NYSE:UL) traded down $0.17 during mid-day trading on Thursday, reaching $55.61. The company had a trading volume of 721,111 shares, compared to its average volume of 1,470,000. Unilever PLC has a 1 year low of $38.58 and a 1 year high of $60.13.
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 3rd will be paid a $0.4217 dividend. The ex-dividend date is Thursday, November 2nd. This is a boost from Unilever PLC’s previous quarterly dividend of $0.41. This represents a $1.69 dividend on an annualized basis and a yield of 3.03%. Unilever PLC’s dividend payout ratio (DPR) is currently 69.49%.
Several hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. grew its holdings in shares of Unilever PLC by 2.6% during the third quarter. Ameriprise Financial Inc. now owns 2,409,797 shares of the company’s stock worth $140,549,000 after purchasing an additional 61,009 shares during the last quarter. Oak Ridge Investments LLC purchased a new position in shares of Unilever PLC during the third quarter worth about $505,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Unilever PLC by 7.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 89,130 shares of the company’s stock worth $5,166,000 after buying an additional 6,132 shares during the last quarter. Comerica Bank grew its holdings in shares of Unilever PLC by 1.6% during the third quarter. Comerica Bank now owns 82,666 shares of the company’s stock worth $4,589,000 after buying an additional 1,281 shares during the last quarter. Finally, Wellington Shields & Co. LLC purchased a new position in shares of Unilever PLC during the third quarter worth about $214,000. 7.35% of the stock is currently owned by 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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