Shares of Unilever PLC (NYSE:UL) have earned a consensus rating of “Hold” from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $46.50.
UL has been the subject of a number of recent analyst reports. Morgan Stanley reiterated a “neutral” rating on shares of Unilever PLC in a research report on Wednesday, October 11th. Zacks Investment Research downgraded Unilever PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever PLC in a research report on Thursday, September 7th. Finally, Argus initiated coverage on Unilever PLC in a research report on Friday. They set a “hold” rating for the company.
Several institutional investors have recently bought and sold shares of the company. Harding Loevner LP raised its holdings in shares of Unilever PLC by 5,115.5% during the 3rd quarter. Harding Loevner LP now owns 136,128,531 shares of the company’s stock worth $24,696,000 after buying an additional 133,518,453 shares in the last quarter. Mawer Investment Management Ltd. raised its holdings in shares of Unilever PLC by 2.5% during the 3rd quarter. Mawer Investment Management Ltd. now owns 4,009,541 shares of the company’s stock worth $232,393,000 after buying an additional 99,177 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of Unilever PLC by 1.4% during the 3rd quarter. Artisan Partners Limited Partnership now owns 2,686,581 shares of the company’s stock worth $155,714,000 after buying an additional 38,154 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Unilever PLC by 2.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,409,797 shares of the company’s stock worth $140,549,000 after buying an additional 61,009 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Unilever PLC by 47.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,837,277 shares of the company’s stock worth $99,434,000 after buying an additional 592,653 shares in the last quarter. 7.25% of the stock is owned by institutional investors.
Unilever PLC (NYSE:UL) traded down $0.76 during trading hours on Friday, hitting $55.00. The stock had a trading volume of 998,249 shares, compared to its average volume of 1,230,114. Unilever PLC has a 1 year low of $38.58 and a 1 year high of $60.13.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 3rd will be issued a dividend of $0.4217 per share. The ex-dividend date is Thursday, November 2nd. This represents a $1.69 dividend on an annualized basis and a dividend yield of 3.07%. This is a boost from Unilever PLC’s previous quarterly dividend of $0.41.
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About Unilever PLC
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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