Analysts Set Unilever PLC (NYSE:UL) PT at $54.00

Shares of Unilever PLC (NYSE:UL) have been given a consensus recommendation of “Hold” by the eight research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $54.00.

A number of brokerages recently issued reports on UL. Argus boosted their price objective on shares of Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. upgraded shares of Unilever from an “underweight” rating to an “overweight” rating in a report on Thursday, May 23rd. Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Finally, StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Thursday, June 27th.

Hedge Funds Weigh In On Unilever

Large investors have recently modified their holdings of the business. Beese Fulmer Investment Management Inc. increased its stake in Unilever by 7.6% in the second quarter. Beese Fulmer Investment Management Inc. now owns 7,032 shares of the company’s stock valued at $387,000 after purchasing an additional 496 shares in the last quarter. Transcend Capital Advisors LLC increased its stake in Unilever by 59.0% in the second quarter. Transcend Capital Advisors LLC now owns 14,040 shares of the company’s stock valued at $772,000 after purchasing an additional 5,208 shares in the last quarter. Old Port Advisors increased its stake in Unilever by 1.6% in the first quarter. Old Port Advisors now owns 57,200 shares of the company’s stock valued at $2,871,000 after purchasing an additional 896 shares in the last quarter. Keynote Financial Services LLC bought a new stake in Unilever in the first quarter valued at $384,000. Finally, Pathway Financial Advisers LLC bought a new stake in Unilever in the first quarter valued at $1,806,000. Institutional investors own 9.67% of the company’s stock.

Unilever Trading Up 0.3 %

Shares of NYSE:UL opened at $54.99 on Monday. Unilever has a one year low of $46.16 and a one year high of $56.47. The company has a 50 day moving average of $54.31 and a 200-day moving average of $50.79.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a $0.4556 dividend. The ex-dividend date was Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a yield of 3.31%.

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.