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. “
Zacks Investment Research upgraded shares of Unilever (NYSE:UL) from a hold rating to a buy rating in a research report report published on Wednesday morning. The brokerage currently has $61.00 target price on the stock.
A number of other equities research analysts also recently commented on UL. Exane BNP Paribas downgraded Unilever from an outperform rating to a neutral rating in a research report on Wednesday, February 27th. BNP Paribas cut Unilever from an outperform rating to a neutral rating in a research note on Wednesday, February 27th. JPMorgan Chase & Co. reaffirmed a sell rating on shares of Unilever in a research report on Wednesday, January 30th. Finally, UBS Group lowered Unilever from a buy rating to a neutral rating in a report on Tuesday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $61.00.
Unilever stock opened at $54.94 on Wednesday. The company has a market cap of $63.53 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 3.52 and a beta of 0.61. Unilever has a twelve month low of $50.80 and a twelve month high of $58.07.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, February 15th will be paid a dividend of $0.442 per share. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.77 annualized dividend and a yield of 3.22%. The ex-dividend date is Thursday, February 14th. Unilever’s payout ratio is 63.18%.
A number of large investors have recently modified their holdings of the stock. Matthew Goff Investment Advisor LLC lifted its stake in shares of Unilever by 5,428.0% in the third quarter. Matthew Goff Investment Advisor LLC now owns 4,714,748 shares of the company’s stock valued at $85,288,000 after buying an additional 4,629,460 shares during the period. Alliancebernstein L.P. acquired a new position in Unilever in the third quarter worth about $24,330,000. Bank of New York Mellon Corp raised its position in Unilever by 34,001.1% in the third quarter. Bank of New York Mellon Corp now owns 363,518 shares of the company’s stock worth $19,984,000 after purchasing an additional 362,452 shares in the last quarter. OLD Mission Capital LLC acquired a new position in Unilever in the fourth quarter worth about $12,597,000. Finally, Edge Capital Group LLC acquired a new position in Unilever in the fourth quarter worth about $8,531,000. Hedge funds and other institutional investors own 6.46% of the company’s stock.
Unilever Company Profile
Unilever PLC operates in the fast-moving consumer goods industry worldwide. It operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skin care and hair care products, deodorants, and oral care products. The Home Care segment provides home care products, including powders, liquids and capsules, soap bars, and various cleaning products.
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