Unilever PLC (NYSE:UL) Given Average Rating of “Hold” by Brokerages

Unilever PLC (NYSE:UL) has been given a consensus rating of “Hold” by the ten analysts that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $61.75.

A number of research firms recently commented on UL. Bank of America raised shares of Unilever from an “underperform” rating to a “buy” rating and raised their price target for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Unilever in a research note on Tuesday, November 19th.

Unilever Stock Performance

UL opened at $59.75 on Thursday. Unilever has a 1 year low of $46.46 and a 1 year high of $65.87. The business has a fifty day simple moving average of $61.52 and a 200 day simple moving average of $59.73.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a dividend of $0.4755 per share. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Friday, November 8th.

Institutional Investors Weigh In On Unilever

A number of large investors have recently modified their holdings of UL. ST Germain D J Co. Inc. raised its holdings in shares of Unilever by 423.8% during the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after buying an additional 428 shares in the last quarter. Abich Financial Wealth Management LLC raised its stake in Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after acquiring an additional 425 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Unilever in the 3rd quarter valued at approximately $35,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Unilever in the 2nd quarter valued at approximately $30,000. Finally, Jamison Private Wealth Management Inc. grew its holdings in shares of Unilever by 202.5% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after purchasing an additional 405 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.