Zacks Investment Research lowered shares of Unilever PLC (NYSE:UL) from a buy rating to a sell rating in a report issued on Saturday morning.

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. “

Several other research analysts also recently weighed in on the stock. J P Morgan Chase & Co reaffirmed a neutral rating on shares of Unilever PLC in a report on Thursday, September 7th. UBS AG reaffirmed a neutral rating on shares of Unilever PLC in a report on Monday, July 17th. Morgan Stanley reaffirmed a neutral rating on shares of Unilever PLC in a report on Wednesday. Finally, Royal Bank Of Canada downgraded shares of Unilever PLC from a sector perform rating to an underperform rating in a report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $45.50.

Unilever PLC (NYSE UL) traded up 0.96% during trading on Friday, hitting $59.92. The stock had a trading volume of 1,406,068 shares. Unilever PLC has a 52-week low of $38.58 and a 52-week high of $60.13. The company has a 50-day moving average price of $58.24 and a 200-day moving average price of $55.16. The company has a market cap of $74.97 billion, a price-to-earnings ratio of 32.92 and a beta of 0.88.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of Unilever PLC by 988.1% during the 1st quarter. FMR LLC now owns 175,445 shares of the company’s stock valued at $8,657,000 after buying an additional 159,321 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Unilever PLC by 48,716.1% during the 1st quarter. Teachers Advisors LLC now owns 199,658 shares of the company’s stock valued at $9,851,000 after buying an additional 199,249 shares in the last quarter. TIAA CREF Investment Management LLC purchased a new stake in shares of Unilever PLC during the 1st quarter valued at about $18,447,000. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Unilever PLC during the 1st quarter valued at about $251,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Unilever PLC during the 1st quarter valued at about $251,000. 7.30% of the stock is owned by institutional investors and hedge funds.

Unilever PLC Company Profile

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.

Analyst Recommendations for Unilever PLC (NYSE:UL)

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