Unilever plc (NYSE:UL) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $48.97 and last traded at $48.65, with a volume of 1,865,248 shares changing hands. The stock had previously closed at $46.98.

Several equities research analysts recently issued reports on the stock. Liberum Capital reiterated a “sell” rating on shares of Unilever plc in a research note on Wednesday, May 25th. Zacks Investment Research downgraded shares of Unilever plc from a “buy” rating to a “hold” rating in a research note on Wednesday, June 15th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Unilever plc in a research note on Monday, June 13th. Royal Bank Of Canada downgraded shares of Unilever plc from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. Finally, RBC Capital Markets reissued a “sector perform” rating on shares of Unilever plc in a report on Sunday, July 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $51.00.

The firm has a market cap of $138.05 billion and a P/E ratio of 24.96. The company has a 50-day moving average of $46.77 and a 200 day moving average of $45.71.

The firm also recently announced 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. This is an increase from Unilever plc’s previous quarterly dividend of $0.32. This represents a $1.39 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Wednesday, August 3rd.

An institutional investor recently raised its position in Unilever plc stock. Bank of Montreal Can raised its stake in Unilever plc (NYSE:UL) by 31.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 277,460 shares of the company’s stock after buying an additional 66,255 shares during the period. Bank of Montreal Can’s holdings in Unilever plc were worth $11,964,000 as of its most recent SEC filing.

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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