Unilever PLC (UL) Stock Rating Upgraded by Zacks Investment Research
Unilever PLC (NYSE:UL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
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 analysts have also recently issued reports about the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Unilever PLC in a research report on Thursday, September 22nd. Deutsche Bank AG reiterated a “buy” rating on shares of Unilever PLC in a research report on Thursday, August 25th. Sanford C. Bernstein started coverage on Unilever PLC in a research report on Monday, August 22nd. They issued an “outperform” rating for the company. RBC Capital Markets restated a “sector perform” rating on shares of Unilever PLC in a research report on Sunday, July 24th. Finally, Royal Bank Of Canada cut Unilever PLC from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Unilever PLC has a consensus rating of “Hold” and an average target price of $51.00.
Unilever PLC (NYSE:UL) opened at 39.67 on Wednesday. The company has a market capitalization of $112.62 billion, a PE ratio of 20.81 and a beta of 0.81. Unilever PLC has a 12-month low of $39.36 and a 12-month high of $48.97. The company has a 50 day moving average price of $43.87 and a 200-day moving average price of $45.65.
The company also recently disclosed a dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Friday, October 28th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, October 26th.
Institutional investors have recently bought and sold shares of the company. CGOV Asset Management bought a new stake in Unilever PLC during the third quarter worth $69,686,000. Jane Street Group LLC raised its stake in Unilever PLC by 86.4% in the third quarter. Jane Street Group LLC now owns 2,114,323 shares of the company’s stock worth $100,219,000 after buying an additional 980,295 shares during the period. OLD Mission Capital LLC raised its stake in Unilever PLC by 289.0% in the third quarter. OLD Mission Capital LLC now owns 535,824 shares of the company’s stock worth $22,371,000 after buying an additional 398,063 shares during the period. Bank of Montreal Can bought a new stake in Unilever PLC during the second quarter worth $13,871,000. Finally, Ameriprise Financial Inc. raised its stake in Unilever PLC by 33.9% in the second quarter. Ameriprise Financial Inc. now owns 997,344 shares of the company’s stock worth $47,886,000 after buying an additional 252,508 shares during the period. Hedge funds and other institutional investors own 8.58% of the company’s stock.
Unilever PLC Company Profile
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.
Receive News & Stock Ratings for Unilever PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever PLC and related stocks with our FREE daily email newsletter.