Shares of Unilever plc (NYSE:UL) have been given a consensus rating of “Hold” by the thirteen analysts that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $26.00.
A number of research analysts have commented on UL shares. Argus started coverage on Unilever in a report on Friday, November 17th. They set a “hold” rating on the stock. Zacks Investment Research raised Unilever from a “sell” rating to a “buy” rating and set a $63.00 target price on the stock in a report on Wednesday, December 13th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Unilever in a report on Tuesday.
Unilever (UL) traded down $1.64 during trading hours on Tuesday, reaching $52.16. The company’s stock had a trading volume of 643,956 shares, compared to its average volume of 1,629,829. Unilever has a 52 week low of $47.02 and a 52 week high of $60.13.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Friday, February 16th will be issued a $0.4452 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.78 annualized dividend and a dividend yield of 3.41%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Harding Loevner LP lifted its holdings in shares of Unilever by 5,115.5% in the 3rd quarter. Harding Loevner LP now owns 136,128,531 shares of the company’s stock worth $24,696,000 after purchasing an additional 133,518,453 shares during the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Unilever by 2.5% in the 3rd quarter. Mawer Investment Management Ltd. now owns 4,009,541 shares of the company’s stock worth $232,393,000 after purchasing an additional 99,177 shares during the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Unilever by 1.4% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,686,581 shares of the company’s stock worth $155,714,000 after purchasing an additional 38,154 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Unilever by 2.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,409,797 shares of the company’s stock worth $140,549,000 after purchasing an additional 61,009 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Unilever by 79.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,358,424 shares of the company’s stock worth $130,515,000 after purchasing an additional 1,047,220 shares during the last quarter. 6.82% of the stock is currently owned by institutional investors and hedge funds.
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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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