Unilever (NYSE:UL) Reaches New 1-Year High at $60.26

Unilever PLC (NYSE:UL)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $60.26 and last traded at $60.12, with a volume of 293591 shares changing hands. The stock had previously closed at $56.54.

Analysts Set New Price Targets

A number of research firms have commented on UL. JPMorgan Chase & Co. raised Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Monday. TD Cowen began coverage on Unilever in a research report on Tuesday. They set a “buy” rating and a $67.00 price objective for the company. Finally, Argus raised their price objective on Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Unilever has a consensus rating of “Hold” and a consensus target price of $58.33.

Unilever Price Performance

The company has a 50-day moving average of $55.74 and a 200 day moving average of $51.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allen Wealth Management LLC purchased a new position in shares of Unilever during the fourth quarter valued at approximately $2,415,000. Principal Securities Inc. purchased a new position in shares of Unilever during the fourth quarter valued at approximately $1,131,000. Diversify Advisory Services LLC purchased a new position in shares of Unilever during the first quarter valued at approximately $863,000. Virtu Financial LLC purchased a new position in shares of Unilever during the fourth quarter valued at approximately $867,000. Finally, Levin Capital Strategies L.P. boosted its position in shares of Unilever by 35.7% during the fourth quarter. Levin Capital Strategies L.P. now owns 428,269 shares of the company’s stock valued at $20,762,000 after buying an additional 112,677 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.