Unilever (NYSE:UL) Upgraded at StockNews.com

StockNews.com upgraded shares of Unilever (NYSE:UL) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

A number of other equities analysts also recently commented on UL. Erste Group Bank restated a “hold” rating on shares of Unilever in a report on Tuesday, November 19th. Sanford C. Bernstein raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, Royal Bank of Canada downgraded shares of Unilever from a “sector perform” rating to an “underperform” rating in a report on Monday, January 6th. Three analysts have rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Unilever presently has an average rating of “Hold” and an average price target of $61.75.

Unilever Trading Down 0.2 %

Shares of UL opened at $55.52 on Tuesday. The business’s 50-day moving average is $56.85 and its 200-day moving average is $60.13. Unilever has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $0.4674 per share. The ex-dividend date is Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a yield of 3.37%.

Hedge Funds Weigh In On Unilever

Several large investors have recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new stake in Unilever in the fourth quarter valued at approximately $26,000. Financial Life Planners bought a new position in Unilever during the fourth quarter worth about $28,000. VSM Wealth Advisory LLC acquired a new position in Unilever in the fourth quarter valued at about $28,000. Roxbury Financial LLC acquired a new position in Unilever in the fourth quarter valued at about $30,000. Finally, Mainstream Capital Management LLC bought a new stake in shares of Unilever in the fourth quarter worth about $31,000. 9.67% of the stock is currently owned by institutional investors and hedge funds.

About Unilever

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.