Unilever (UL) Rating Lowered to Hold at Zacks Investment Research
Unilever (NYSE:UL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
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 analysts also recently weighed in on the company. Royal Bank Of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a report on Friday, August 11th. J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever in a report on Thursday, September 7th. Argus initiated coverage on Unilever in a report on Friday, November 17th. They issued a “hold” rating for the company. Finally, Morgan Stanley restated a “neutral” rating on shares of Unilever in a report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Unilever currently has a consensus rating of “Hold” and an average target price of $46.50.
Unilever (UL) opened at $56.48 on Wednesday. Unilever has a 12 month low of $38.99 and a 12 month high of $60.13.
Institutional investors have recently modified their holdings of the business. Mercer Capital Advisers Inc. lifted its position in Unilever by 2.6% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock valued at $106,000 after acquiring an additional 50 shares in the last quarter. Coastline Trust Co lifted its stake in Unilever by 1.2% in the second quarter. Coastline Trust Co now owns 4,375 shares of the company’s stock worth $236,000 after purchasing an additional 50 shares during the last quarter. Strategic Global Advisors LLC lifted its stake in Unilever by 0.6% in the second quarter. Strategic Global Advisors LLC now owns 10,395 shares of the company’s stock worth $563,000 after purchasing an additional 64 shares during the last quarter. First National Trust Co. lifted its stake in Unilever by 1.9% in the second quarter. First National Trust Co. now owns 4,585 shares of the company’s stock worth $248,000 after purchasing an additional 87 shares during the last quarter. Finally, Bruderman Asset Management LLC lifted its stake in Unilever by 0.6% in the second quarter. Bruderman Asset Management LLC now owns 17,723 shares of the company’s stock worth $959,000 after purchasing an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 17.84% of the company’s stock.
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Unilever 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.
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