Argus initiated coverage on shares of Unilever (NYSE:UL) in a report published on Friday, November 17th, Marketbeat reports. The firm issued a hold rating on the stock.
UL has been the topic of a number of other research reports. Morgan Stanley restated a neutral rating on shares of Unilever in a research note on Wednesday, October 11th. Zacks Investment Research downgraded shares of Unilever from a buy rating to a hold rating in a report on Wednesday, September 27th. J P Morgan Chase & Co reaffirmed a neutral rating on shares of Unilever in a report on Thursday, September 7th. Finally, Royal Bank Of Canada downgraded shares of Unilever from a sector perform rating to an underperform rating in a report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Unilever has an average rating of Hold and a consensus target price of $46.50.
Unilever (UL) traded up $0.14 during midday trading on Friday, hitting $56.00. 1,259,341 shares of the company traded hands, compared to its average volume of 1,670,957. Unilever has a 1 year low of $39.08 and a 1 year high of $60.13.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 3rd will be given a $0.4217 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.01%. This is a boost from Unilever’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, November 2nd. Unilever’s dividend payout ratio is 68.05%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Mercer Capital Advisers Inc. increased its position in Unilever by 2.6% during the second quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock worth $106,000 after purchasing an additional 50 shares during the last quarter. Hanson & Doremus Investment Management increased its position in Unilever by 7.2% during the second quarter. Hanson & Doremus Investment Management now owns 2,230 shares of the company’s stock worth $121,000 after purchasing an additional 150 shares during the last quarter. Advisors Preferred LLC acquired a new stake in Unilever during the third quarter worth about $122,000. Fieldpoint Private Securities LLC purchased a new position in Unilever during the third quarter worth about $135,000. Finally, YorkBridge Wealth Partners LLC boosted its stake in Unilever by 22.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock worth $182,000 after buying an additional 613 shares during the period. Institutional investors and hedge funds own 7.10% of the company’s stock.
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Unilever Company Profile
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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