Unilever (NYSE:UL) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Unilever (NYSE:UL) from a sell rating to a hold rating in a research note published on Friday, Zacks.com reports.

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 firms also recently issued reports on UL. Deutsche Bank Aktiengesellschaft downgraded Unilever from a buy rating to a hold rating in a research report on Thursday, September 16th. Sanford C. Bernstein upgraded Unilever from an underperform rating to a market perform rating in a research report on Monday, November 1st. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Hold and an average price target of $61.51.

NYSE:UL opened at $54.29 on Friday. The stock’s fifty day moving average price is $52.75 and its two-hundred day moving average price is $54.72. Unilever has a 1 year low of $50.60 and a 1 year high of $61.81.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 1st. Investors of record on Friday, November 5th were given a $0.4975 dividend. The ex-dividend date was Thursday, November 4th. This represents a $1.99 dividend on an annualized basis and a dividend yield of 3.67%.

Hedge funds have recently modified their holdings of the stock. PrairieView Partners LLC raised its position in shares of Unilever by 134.3% in the third quarter. PrairieView Partners LLC now owns 628 shares of the company’s stock worth $34,000 after buying an additional 360 shares in the last quarter. Evolution Wealth Advisors LLC purchased a new stake in shares of Unilever in the third quarter worth $50,000. Howe & Rusling Inc. raised its position in shares of Unilever by 100.5% in the second quarter. Howe & Rusling Inc. now owns 1,115 shares of the company’s stock worth $65,000 after buying an additional 559 shares in the last quarter. Consolidated Planning Corp purchased a new stake in shares of Unilever in the third quarter worth $72,000. Finally, Glassman Wealth Services raised its position in shares of Unilever by 43.5% in the third quarter. Glassman Wealth Services now owns 1,383 shares of the company’s stock worth $75,000 after buying an additional 419 shares in the last quarter. Institutional investors own 8.97% of the company’s stock.

About Unilever

Unilever Plc engages in the manufacture and sale of consumer goods. It operates through the following segments: Beauty and Personal Care, Foods and Refreshment, and Home Care. The Beauty and Personal Care segment offers skin cleansing, hair care, skin care, and deodorants categories. The Foods and Refreshment segment sells ice cream, savory, dressings, and tea.

Further Reading: Reverse Stock Split

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