Unilever plc (NYSE:UL) shares gapped down prior to trading on Thursday . The stock had previously closed at $46.00, but opened at $46.22. Unilever plc shares last traded at $47.07, with a volume of 746,936 shares traded.

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

The firm’s 50 day moving average price is $46.73 and its 200-day moving average price is $45.30. The company has a market capitalization of $133.54 billion and a PE ratio of 24.42.

The business 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 is a positive change from Unilever plc’s previous quarterly dividend of $0.32. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.96%.

Other hedge funds and institutional investors recently bought and sold shares of the company. Morningstar Investment Services LLC boosted its position in Unilever plc by 12.1% in the fourth quarter. Morningstar Investment Services LLC now owns 351,676 shares of the company’s stock worth $15,164,000 after buying an additional 38,008 shares during the last quarter. Bank of Montreal Can boosted its position in Unilever plc by 31.4% in the fourth quarter. Bank of Montreal Can now owns 277,460 shares of the company’s stock worth $11,964,000 after buying an additional 66,255 shares in the last quarter. US Bancorp DE boosted its position in Unilever plc by 2.4% in the fourth quarter. US Bancorp DE now owns 198,793 shares of the company’s stock worth $8,572,000 after buying an additional 4,628 shares in the last quarter. Stephens Inc. AR boosted its position in Unilever plc by 6.3% in the fourth quarter. Stephens Inc. AR now owns 122,986 shares of the company’s stock worth $5,303,000 after buying an additional 7,306 shares in the last quarter. Finally, Russell Frank Co boosted its position in Unilever plc by 75.6% in the fourth quarter. Russell Frank Co now owns 57,517 shares of the company’s stock worth $2,516,000 after buying an additional 24,755 shares in 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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