Unilever PLC (NYSE:UL)’s share price fell 6.4% during mid-day trading on Thursday . The company traded as low as $55.76 and last traded at $56.04. 3,736,752 shares traded hands during mid-day trading, an increase of 245% from the average session volume of 1,083,880 shares. The stock had previously closed at $59.86.

A number of brokerages recently issued reports on UL. Zacks Investment Research cut Unilever PLC from a “buy” rating to a “sell” rating in a report on Saturday, October 14th. J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever PLC in a report on Thursday, September 7th. Morgan Stanley reiterated a “neutral” rating on shares of Unilever PLC in a report on Wednesday, October 11th. Finally, Royal Bank Of Canada downgraded Unilever PLC from a “sector perform” rating to an “underperform” rating in a report on Friday, August 11th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $46.50.

The firm’s 50-day moving average price is $58.32 and its 200 day moving average price is $55.38. The firm has a market cap of $157.61 billion, a price-to-earnings ratio of 23.08 and a beta of 0.88.

A number of hedge funds have recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. increased its holdings in Unilever PLC by 2.1% during the 2nd quarter. Mawer Investment Management Ltd. now owns 3,910,364 shares of the company’s stock worth $211,629,000 after purchasing an additional 79,598 shares in the last quarter. Harding Loevner LP increased its holdings in Unilever PLC by 6.1% during the 2nd quarter. Harding Loevner LP now owns 2,610,078 shares of the company’s stock worth $141,258,000 after purchasing an additional 150,970 shares in the last quarter. Jane Street Group LLC increased its holdings in Unilever PLC by 459.2% during the 1st quarter. Jane Street Group LLC now owns 2,119,989 shares of the company’s stock worth $104,600,000 after purchasing an additional 1,740,864 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Unilever PLC by 47.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,837,277 shares of the company’s stock worth $99,434,000 after purchasing an additional 592,653 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Unilever PLC by 0.3% during the 2nd quarter. Northern Trust Corp now owns 1,419,696 shares of the company’s stock worth $76,834,000 after purchasing an additional 4,250 shares in the last quarter. Hedge funds and other institutional investors own 7.32% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Unilever PLC (UL) Shares Down 6.4%” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/10/19/unilever-plc-ul-shares-down-6-4.html.

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.

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.