Unilever PLC (UL) Rating Lowered to Sell at Zacks Investment Research
Unilever PLC (NYSE:UL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
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 research firms have also recently weighed in on UL. JPMorgan Chase & Co. restated an “overweight” rating on shares of Unilever PLC in a research note on Tuesday, July 12th. Sanford C. Bernstein assumed coverage on Unilever PLC in a research note on Monday, August 22nd. They issued an “outperform” rating on the stock. Royal Bank Of Canada cut Unilever PLC from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. Deutsche Bank AG restated a “buy” rating on shares of Unilever PLC in a research note on Thursday, August 25th. Finally, RBC Capital Markets restated a “sector perform” rating on shares of Unilever PLC in a research note on Sunday, July 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.00.
Unilever PLC (NYSE:UL) opened at 41.30 on Tuesday. The company has a market capitalization of $117.24 billion, a PE ratio of 21.91 and a beta of 0.81. The firm’s 50 day moving average price is $44.26 and its 200-day moving average price is $45.74. Unilever PLC has a one year low of $39.86 and a one year high of $48.97.
The business also recently announced a dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Friday, October 28th will be issued a dividend of $0.35 per share. The ex-dividend date is Wednesday, October 26th.
Hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new stake in Unilever PLC during the second quarter valued at about $13,871,000. Aviance Capital Management LLC raised its stake in Unilever PLC by 36.5% in the second quarter. Aviance Capital Management LLC now owns 381,408 shares of the company’s stock valued at $18,273,000 after buying an additional 101,951 shares during the period. Royal Bank of Canada raised its stake in Unilever PLC by 1.3% in the first quarter. Royal Bank of Canada now owns 1,922,457 shares of the company’s stock valued at $86,857,000 after buying an additional 25,275 shares during the period. Bayesian Capital Management LP bought a new stake in Unilever PLC during the first quarter valued at about $225,000. Finally, First Republic Investment Management Inc. raised its stake in Unilever PLC by 40.8% in the first quarter. First Republic Investment Management Inc. now owns 299,500 shares of the company’s stock valued at $13,532,000 after buying an additional 86,719 shares during the period. 8.59% of the stock is currently owned by institutional investors.
About Unilever PLC
Unilever PLC is a supplier of food, home and personal care products. The Company’s portfolio ranges from nutritionally balanced foods to indulgent ice creams, soaps, shampoos and household care products. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. The Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products.
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