Unilever PLC (NYSE:UL) Receives Average Rating of “Hold” from Brokerages

Unilever PLC (NYSE:UL) has earned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $61.75.

UL has been the subject of several analyst reports. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

Hedge Funds Weigh In On Unilever

Institutional investors have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC grew its stake in Unilever by 393.5% in the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after purchasing an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Unilever during the 3rd quarter valued at $35,000. Jamison Private Wealth Management Inc. grew its position in shares of Unilever by 202.5% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock worth $39,000 after buying an additional 405 shares during the period. Brooklyn Investment Group bought a new position in shares of Unilever in the 3rd quarter worth about $40,000. Finally, Coastline Trust Co purchased a new position in Unilever during the 3rd quarter valued at about $48,000. 9.67% of the stock is owned by institutional investors.

Unilever Stock Performance

Shares of UL stock opened at $57.16 on Monday. Unilever has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The company has a market capitalization of $141.79 billion, a P/E ratio of 17.22, a PEG ratio of 1.80 and a beta of 0.48. The stock has a 50 day moving average price of $59.82 and a two-hundred day moving average price of $60.26.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were paid a dividend of $0.4755 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, November 8th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.33%. Unilever’s payout ratio is presently 56.63%.

Unilever Company Profile

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.