Unilever (NYSE:UL) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Unilever (NYSE:ULFree Report) from a buy rating to a hold rating in a research note published on Friday.

Several other equities research analysts have also recently issued reports on the stock. Jefferies Financial Group cut shares of Unilever from a buy rating to an underperform rating in a research note on Monday, December 11th. Sanford C. Bernstein raised shares of Unilever from an underperform rating to a market perform rating in a research report on Monday, December 11th. Morgan Stanley cut shares of Unilever from an equal weight rating to an underweight rating and decreased their target price for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th. Finally, Barclays upgraded shares of Unilever from an equal weight rating to an overweight rating in a report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $48.00.

Read Our Latest Stock Analysis on UL

Unilever Price Performance

Shares of NYSE UL opened at $49.13 on Friday. Unilever has a 52 week low of $46.16 and a 52 week high of $55.99. The company’s 50-day moving average price is $49.11 and its 200 day moving average price is $48.89.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, February 23rd will be paid a $0.4582 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.73%.

Institutional Trading of Unilever

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Citigroup Inc. boosted its holdings in Unilever by 86.7% in the second quarter. Citigroup Inc. now owns 445,178 shares of the company’s stock worth $23,207,000 after purchasing an additional 206,782 shares during the period. IFP Advisors Inc boosted its holdings in Unilever by 7.1% in the second quarter. IFP Advisors Inc now owns 5,938 shares of the company’s stock worth $220,000 after purchasing an additional 392 shares during the period. Deutsche Bank AG boosted its holdings in Unilever by 3.4% in the third quarter. Deutsche Bank AG now owns 47,772 shares of the company’s stock worth $2,360,000 after purchasing an additional 1,589 shares during the period. St. James Investment Company LLC boosted its holdings in Unilever by 11.3% in the third quarter. St. James Investment Company LLC now owns 733,123 shares of the company’s stock worth $36,216,000 after purchasing an additional 74,539 shares during the period. Finally, ProVise Management Group LLC boosted its holdings in Unilever by 12.3% in the third quarter. ProVise Management Group LLC now owns 131,494 shares of the company’s stock worth $6,496,000 after purchasing an additional 14,404 shares during the period. Institutional investors own 9.94% of the company’s stock.

About Unilever

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Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream segments. 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, which includes the vitamins, minerals, and supplements.

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Analyst Recommendations for Unilever (NYSE:UL)

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