Unilever plc (NYSE:UL)’s share price fell 2.3% during mid-day trading on Wednesday . The stock traded as low as $45.83 and last traded at $45.93, with a volume of 760,606 shares trading hands. The stock had previously closed at $47.00.

Several brokerages have issued reports on UL. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Unilever plc in a research report on Tuesday, July 12th. Royal Bank Of Canada downgraded Unilever plc from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. Numis Securities Ltd downgraded Unilever plc from an “add” rating to a “hold” rating in a research report on Monday, April 18th. Beaufort Securities restated a “buy” rating on shares of Unilever plc in a research report on Saturday, April 16th. Finally, RBC Capital Markets restated a “sector perform” rating on shares of Unilever plc in a research report on Sunday, July 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Unilever plc presently has an average rating of “Hold” and an average target price of $51.00.

The company has a market capitalization of $131.24 billion and a price-to-earnings ratio of 24.12. The company has a 50 day moving average price of $46.59 and a 200 day moving average price of $45.15.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 7th. Stockholders of record on Friday, August 5th will be given a dividend of $0.348 per share. The ex-dividend date is Wednesday, August 3rd. This represents a $1.39 annualized dividend and a dividend yield of 3.02%. This is an increase from Unilever plc’s previous quarterly dividend of $0.32.

Several hedge funds have recently made changes to their positions in UL. Morningstar Investment Services LLC increased its stake in shares of Unilever plc by 12.1% in the fourth quarter. Morningstar Investment Services LLC now owns 351,676 shares of the company’s stock valued at $15,164,000 after buying an additional 38,008 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Unilever plc by 31.4% in the fourth quarter. Bank of Montreal Can now owns 277,460 shares of the company’s stock valued at $11,964,000 after buying an additional 66,255 shares during the last quarter. US Bancorp DE increased its stake in shares of Unilever plc by 2.4% in the fourth quarter. US Bancorp DE now owns 198,793 shares of the company’s stock valued at $8,572,000 after buying an additional 4,628 shares during the last quarter. Stephens Inc. AR increased its stake in shares of Unilever plc by 6.3% in the fourth quarter. Stephens Inc. AR now owns 122,986 shares of the company’s stock valued at $5,303,000 after buying an additional 7,306 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in shares of Unilever plc by 1.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 94,083 shares of the company’s stock valued at $4,057,000 after buying an additional 1,097 shares during the last quarter.

Unilever PLC is a supplier of food, home and personal care products. The Company’s portfolio ranges from nutritionally balanced foods to indulgent ice creams, soaps, shampoos and household care products. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. The Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products.

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