Unilever (NYSE:UL) Reaches New 1-Year High at $56.52

Unilever PLC (NYSE:UL) reached a new 52-week high during trading on Wednesday . The stock traded as high as $56.52 and last traded at $56.47, with a volume of 1108279 shares traded. The stock had previously closed at $55.55.

Wall Street Analyst Weigh In

UL has been the subject of several research analyst reports. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. raised Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Finally, Argus upped their price objective on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $54.00.

Unilever Price Performance

The company has a 50-day simple moving average of $54.77 and a 200 day simple moving average of $51.06.

Unilever Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a $0.4556 dividend. This represents a $1.82 annualized dividend and a yield of 3.22%. The ex-dividend date was Thursday, May 16th.

Hedge Funds Weigh In On Unilever

Hedge funds have recently bought and sold shares of the business. Red Tortoise LLC bought a new position in Unilever in the 1st quarter valued at $26,000. Life Planning Partners Inc purchased a new stake in shares of Unilever in the 4th quarter worth $27,000. Rise Advisors LLC purchased a new stake in shares of Unilever in the 1st quarter worth $28,000. Quent Capital LLC purchased a new stake in shares of Unilever during the 1st quarter worth $28,000. Finally, VisionPoint Advisory Group LLC lifted its stake in shares of Unilever by 215.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after purchasing an additional 400 shares during the last quarter. 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.