Unilever (NYSE:UL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday, Zacks.com reports.

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 also recently weighed in on UL. Credit Suisse Group upgraded Unilever from a “neutral” rating to an “outperform” rating in a research note on Friday, May 3rd. DZ Bank downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, HSBC began coverage on Unilever in a research note on Friday, June 28th. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $66.00.

Shares of Unilever stock traded up $0.21 during trading on Wednesday, reaching $59.70. The company’s stock had a trading volume of 841,425 shares, compared to its average volume of 839,240. Unilever has a 12-month low of $50.80 and a 12-month high of $64.10. The firm has a market capitalization of $68.78 billion, a P/E ratio of 21.55, a P/E/G ratio of 2.49 and a beta of 0.55. The business’s 50 day simple moving average is $61.57.

Institutional investors have recently bought and sold shares of the stock. Strategy Asset Managers LLC purchased a new stake in Unilever during the first quarter worth $25,000. CX Institutional acquired a new position in shares of Unilever in the second quarter worth $25,000. Ropes Wealth Advisors LLC acquired a new position in shares of Unilever in the second quarter worth $26,000. Interactive Financial Advisors acquired a new position in shares of Unilever in the first quarter worth $29,000. Finally, Lenox Wealth Management Inc. raised its holdings in shares of Unilever by 225.3% in the second quarter. Lenox Wealth Management Inc. now owns 566 shares of the company’s stock worth $35,000 after acquiring an additional 392 shares during the last quarter. Hedge funds and other institutional investors own 7.03% of the company’s stock.

About Unilever

Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.

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