Unilever (NYSE:UL) Downgraded to “Hold” at StockNews.com

Unilever (NYSE:UL) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Separately, Morgan Stanley lowered shares of Unilever from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $48.00.

Unilever Stock Performance

Shares of NYSE UL traded down $0.08 during midday trading on Tuesday, reaching $47.98. 2,724,426 shares of the company were exchanged, compared to its average volume of 2,820,855. The stock’s 50-day moving average price is $49.12 and its 200-day moving average price is $48.52. Unilever has a one year low of $46.16 and a one year high of $55.99.

Institutional Investors Weigh In On Unilever

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Red Tortoise LLC bought a new stake in shares of Unilever during the first quarter worth about $26,000. Jones Financial Companies Lllp increased its position in shares of Unilever by 111.5% during the third quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock worth $27,000 after acquiring an additional 291 shares in the last quarter. Life Planning Partners Inc bought a new stake in shares of Unilever during the fourth quarter worth about $27,000. Rise Advisors LLC bought a new stake in shares of Unilever during the first quarter worth about $28,000. Finally, VisionPoint Advisory Group LLC increased its position in shares of Unilever by 215.1% during the third quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after acquiring an additional 400 shares in the last quarter. 9.67% of the stock is owned by institutional investors.

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.