Macquarie started coverage on shares of Unilever plc (NYSE:UL) in a report released on Friday. The brokerage set an “outperform” rating on the stock.
UL has been the topic of a number of other reports. JPMorgan Chase & Co. cut Unilever plc from an “overweight” rating to a “neutral” rating in a research report on Wednesday, December 7th. Zacks Investment Research raised Unilever plc from a “sell” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Thursday, December 15th. Barclays PLC cut Unilever plc from an “overweight” rating to an “equal weight” rating in a research report on Monday, January 23rd. Bank of America Corp raised Unilever plc from an “underperform” rating to a “neutral” rating in a research report on Monday, February 27th. Finally, Jefferies Group LLC raised Unilever plc from a “hold” rating to a “buy” rating in a research report on Tuesday, December 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $46.00.
Shares of Unilever plc (NYSE:UL) opened at 50.20 on Friday. The firm has a 50-day moving average price of $45.24 and a 200-day moving average price of $43.33. Unilever plc has a 52-week low of $38.58 and a 52-week high of $50.41. The stock has a market capitalization of $142.55 billion, a P/E ratio of 26.16 and a beta of 0.82.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Friday, February 10th were given a $0.339 dividend. The ex-dividend date was Wednesday, February 8th. This represents a $1.36 annualized dividend and a yield of 2.70%.
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A number of institutional investors have recently added to or reduced their stakes in the stock. CGOV Asset Management acquired a new position in Unilever plc during the third quarter valued at about $69,686,000. Jane Street Group LLC boosted its position in Unilever plc by 86.4% in the third quarter. Jane Street Group LLC now owns 2,114,323 shares of the company’s stock valued at $100,219,000 after buying an additional 980,295 shares during the period. OLD Mission Capital LLC boosted its position in Unilever plc by 289.0% in the third quarter. OLD Mission Capital LLC now owns 535,824 shares of the company’s stock valued at $22,371,000 after buying an additional 398,063 shares during the period. Scotia Capital Inc. boosted its position in Unilever plc by 177.5% in the fourth quarter. Scotia Capital Inc. now owns 293,163 shares of the company’s stock valued at $11,940,000 after buying an additional 187,517 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Unilever plc by 18.2% in the third quarter. Ameriprise Financial Inc. now owns 1,178,665 shares of the company’s stock valued at $56,293,000 after buying an additional 181,321 shares during the period. 8.60% of the stock is currently owned by institutional investors and hedge funds.
About Unilever plc
Unilever PLC is a supplier of food, home and personal care products. The Company’s portfolio ranges from nutritionally balanced foods to indulgent ice creams, soaps, shampoos and household care products. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. The Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products.
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