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

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

Several equities research analysts recently commented on the stock. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $47.00 to $72.00 in a report on Thursday, August 22nd. UBS Group upgraded shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. TD Cowen initiated coverage on shares of Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective on the stock. Finally, StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th.

Institutional Investors Weigh In On Unilever

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Red Tortoise LLC acquired a new position in Unilever in the first quarter valued at about $26,000. Rise Advisors LLC acquired a new position in Unilever in the first quarter valued at about $28,000. Quent Capital LLC acquired a new position in Unilever in the first quarter valued at about $28,000. ST Germain D J Co. Inc. grew its stake in Unilever by 423.8% in the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock valued at $29,000 after acquiring an additional 428 shares during the period. Finally, Abich Financial Wealth Management LLC grew its stake in Unilever by 393.5% in the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after acquiring an additional 425 shares during the period. Institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

NYSE:UL opened at $62.79 on Wednesday. The company’s 50-day simple moving average is $63.50 and its 200-day simple moving average is $57.33. Unilever has a fifty-two week low of $46.16 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 9th were issued a $0.4773 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Friday, August 9th. This is an increase from Unilever’s previous quarterly dividend of $0.46.

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.