Unilever PLC (NYSE:UL) Given Average Rating of “Hold” by Brokerages

Shares of Unilever PLC (NYSE:UL) have been given an average rating of “Hold” by the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $61.75.

A number of analysts have recently issued reports on the stock. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research note on Monday, January 6th. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Sanford C. Bernstein raised Unilever from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th.

Unilever Stock Performance

NYSE:UL opened at $54.89 on Tuesday. Unilever has a twelve month low of $46.46 and a twelve month high of $65.87. The company has a 50-day moving average of $57.13 and a 200-day moving average of $60.29.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.4674 per share. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Friday, February 28th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new position in shares of Unilever during the 4th quarter valued at about $26,000. Financial Life Planners acquired a new stake in Unilever in the 4th quarter valued at approximately $28,000. VSM Wealth Advisory LLC acquired a new stake in Unilever in the 4th quarter valued at approximately $28,000. Roxbury Financial LLC acquired a new stake in Unilever in the 4th quarter valued at approximately $30,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever in the 3rd quarter valued at approximately $35,000. Institutional investors and hedge funds 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.