Unilever PLC (UL) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of Unilever PLC (NYSE:UL) from a hold rating to a buy rating in a research report report published on Friday. They currently have $66.00 price target on the stock.
According to Zacks, “Unilever plc is engaged in manufacturing of branded and packaged consumer goods, including food, detergents and personal care products. The Company also has interests in specialty chemicals. Unilever sells its products internationally. “
A number of other equities analysts have also issued reports on the company. J P Morgan Chase & Co reaffirmed a neutral rating on shares of Unilever PLC in a research note on Thursday, September 7th. Royal Bank Of Canada lowered Unilever PLC from a sector perform rating to an underperform rating in a research note on Friday, August 11th. Finally, UBS AG reaffirmed a neutral rating on shares of Unilever PLC in a research note on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $46.00.
Unilever PLC (NYSE:UL) traded up 0.77% during mid-day trading on Friday, reaching $58.98. The company’s stock had a trading volume of 1,141,185 shares. The firm’s 50 day moving average price is $57.78 and its 200 day moving average price is $53.83. The firm has a market capitalization of $165.88 billion, a P/E ratio of 24.81 and a beta of 0.88. Unilever PLC has a 52 week low of $38.58 and a 52 week high of $59.68.
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th were paid a dividend of $0.409 per share. The ex-dividend date was Wednesday, August 2nd. This is a positive change from Unilever PLC’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.77%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in UL. Fiduciary Management Inc. WI boosted its stake in shares of Unilever PLC by 56.6% during the 1st quarter. Fiduciary Management Inc. WI now owns 10,615,523 shares of the company’s stock worth $523,770,000 after acquiring an additional 3,837,015 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Unilever PLC by 459.2% during the 1st quarter. Jane Street Group LLC now owns 2,119,989 shares of the company’s stock worth $104,600,000 after acquiring an additional 1,740,864 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of Unilever PLC by 31.4% during the 1st quarter. Mawer Investment Management Ltd. now owns 3,830,766 shares of the company’s stock worth $189,010,000 after acquiring an additional 914,789 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Unilever PLC by 47.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,837,277 shares of the company’s stock worth $99,434,000 after acquiring an additional 592,653 shares in the last quarter. Finally, TIAA CREF Investment Management LLC bought a new stake in shares of Unilever PLC during the 1st quarter worth $18,447,000. 7.28% of the stock is owned by institutional investors and hedge funds.
About Unilever PLC
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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