Unilever PLC (NYSE:UL) Given Average Recommendation of “Reduce” by Analysts

Shares of Unilever PLC (NYSE:ULGet Free Report) have received a consensus recommendation of “Reduce” from the five research firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $48.00.

A number of research firms have recently commented on UL. Morgan Stanley lowered shares of Unilever from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $52.00 to $48.00 in a research note on Tuesday, February 27th. StockNews.com downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday.

Check Out Our Latest Stock Report on Unilever

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of UL. National Bank of Canada FI boosted its holdings in Unilever by 43.5% in the third quarter. National Bank of Canada FI now owns 448,298 shares of the company’s stock worth $21,743,000 after acquiring an additional 135,874 shares in the last quarter. First Hawaiian Bank lifted its holdings in shares of Unilever by 15.2% in the 3rd quarter. First Hawaiian Bank now owns 34,298 shares of the company’s stock worth $1,694,000 after purchasing an additional 4,520 shares in the last quarter. Ignite Planners LLC acquired a new stake in Unilever in the 3rd quarter valued at $570,000. Dynamic Advisor Solutions LLC bought a new stake in Unilever during the 3rd quarter valued at $381,000. Finally, Rosenberg Matthew Hamilton raised its holdings in Unilever by 6.8% during the third quarter. Rosenberg Matthew Hamilton now owns 4,147 shares of the company’s stock worth $205,000 after buying an additional 263 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Trading Down 0.2 %

Shares of UL stock opened at $47.98 on Wednesday. Unilever has a one year low of $46.16 and a one year high of $55.99. The business’s 50 day simple moving average is $49.12 and its 200 day simple moving average is $48.52.

Unilever Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were given a dividend of $0.4582 per share. This represents a $1.83 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Thursday, February 22nd.

Unilever Company Profile

(Get Free Report

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.

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Analyst Recommendations for Unilever (NYSE:UL)

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