Zacks Investment Research lowered shares of Unilever PLC (NYSE:UL) from a buy rating to a hold rating in a report issued on Wednesday morning.
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 research analysts also recently issued reports on the stock. J P Morgan Chase & Co reissued a neutral rating on shares of Unilever PLC in a research report on Thursday, September 7th. Royal Bank Of Canada downgraded shares of Unilever PLC from a sector perform rating to an underperform rating in a research report on Friday, August 11th. Finally, UBS AG reissued a neutral rating on shares of Unilever PLC in a research report on Monday, July 17th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $45.50.
Unilever PLC (UL) opened at 57.44 on Wednesday. The stock has a 50 day moving average price of $57.91 and a 200-day moving average price of $54.10. The company has a market capitalization of $161.55 billion, a price-to-earnings ratio of 23.66 and a beta of 0.88. Unilever PLC has a 12-month low of $38.58 and a 12-month high of $59.68.
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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th were given a dividend of $0.409 per share. This is an increase from Unilever PLC’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.85%.
A number of institutional investors have recently modified their holdings of UL. Karp Capital Management Corp bought a new position in Unilever PLC in the 1st quarter worth $3,805,000. Sei Investments Co. boosted its holdings in Unilever PLC by 358.3% in the 1st quarter. Sei Investments Co. now owns 50,830 shares of the company’s stock worth $2,508,000 after buying an additional 39,740 shares during the period. Stevens Capital Management LP boosted its holdings in Unilever PLC by 98.9% in the 1st quarter. Stevens Capital Management LP now owns 12,026 shares of the company’s stock worth $593,000 after buying an additional 5,979 shares during the period. Quantitative Investment Management LLC bought a new position in Unilever PLC in the 1st quarter worth $1,820,000. Finally, Eagle Global Advisors LLC bought a new position in Unilever PLC in the 1st quarter worth $234,000. 7.28% of the stock is owned by institutional investors.
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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