Shares of Unilever PLC (NYSE:UL – Get Rating) have been assigned a consensus recommendation of “Hold” by the eight analysts who cover the company, MarketBeat reports. Two research analysts rated the stock with a Sell recommendation, four gave the company a Hold recommendation and two gave the company a Buy recommendation.
A number of brokerages have recently released reports on UL. Societe Generale upgraded Unilever’s shares from a “sell” rating to a “buy” rating in a Wednesday, January 19 research report. The Royal Bank of Canada upgraded Unilever’s shares from an “underperforming” rating to an “sector outperforming” rating in a Tuesday, February 15 research report. Zacks Investment Research downgraded Unilever from a “hold” rating to a “sell” rating in a Thursday, March 31 research note. StockNews.com supported Unilever’s coverage in a Thursday, March 31 research note. They set a “buy” rating on the stock. Finally, the Goldman Sachs group launched coverage on Unilever in a research report on Friday, February 25. They gave the company a “neutral” rating.
Shares of UL traded up $0.51 during the midday session on Wednesday, hitting $45.01. 3,050,712 shares of the company were traded, against an average volume of 4,813,245. The company’s 50-day simple moving average is $47.70 and its 200-day simple moving average is 50.97 $. Unilever has a 52-week low of $43.11 and a 52-week high of $61.81.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 22. Shareholders of record on Friday, February 25 received a dividend of $0.4873 per share. The ex-dividend date was Thursday, February 24. This represents an annualized dividend of $1.95 and a dividend yield of 4.33%.
Several hedge funds and other institutional investors have recently increased or reduced their stakes in UL. BlackRock Inc. increased its stake in Unilever by 1.7% in the third quarter. BlackRock Inc. now owns 22,057,306 shares of the company valued at $1,195,946,000 after purchasing an additional 362,850 shares in the last quarter. Bank of America Corp DE increased its stake in Unilever by 2.3% in the second quarter. Bank of America Corp DE now owns 10,011,759 shares of the company valued at $585,688,000 after purchasing an additional 225,117 shares during the period. GQG Partners LLC purchased a new equity stake in Unilever in the fourth quarter worth approximately $391,267,000. Pendal Group Ltd increased its stake in Unilever shares by 29,662.4% during the fourth quarter. Pendal Group Ltd now owns 5,689,084 shares in the company valued at $303,662,000 after purchasing an additional 5,669,969 shares in the last quarter. Finally, American Century Companies Inc. strengthened its position in Unilever by 3.3% in the 4th quarter. American Century Companies Inc. now owns 4,588,913 shares of the company valued at $246,838,000 after acquiring an additional 148,297 shares last quarter. 16.83% of the shares are currently held by institutional investors.
Unilever Company Profile (Get a rating)
Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty and Personal Care, Food and Refreshment and Home Care segments. The Beauty and Personal Care segment provides skin and hair care products, deodorants and skin cleansing products. The Foods & Refreshment segment offers ice cream, soups, broths, seasonings, mayonnaise, ketchups and tea categories.
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