Unilever PLC (UL) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Unilever PLC (NYSE:UL) from a hold rating to a buy rating in a research report released on Saturday. They currently have $61.00 price target on the stock.

According to Zacks, “Unilever plc is engaged in manufacturing of branded and packaged consumer goods, including food, detergents and personal care products. The Company also has interests in specialty chemicals. Unilever sells its products internationally. “

Several other research firms have also recently commented on UL. J P Morgan Chase & Co restated a neutral rating on shares of Unilever PLC in a research report on Tuesday, March 28th. Liberum Capital restated a hold rating on shares of Unilever PLC in a research report on Monday, March 27th. Barclays PLC upgraded shares of Unilever PLC from an equal weight rating to an overweight rating in a research report on Saturday, March 25th. Goldman Sachs Group, Inc. (The) restated a sell rating on shares of Unilever PLC in a research report on Friday, March 24th. Finally, Macquarie assumed coverage on shares of Unilever PLC in a research report on Friday, March 17th. They issued an outperform rating for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. Unilever PLC presently has an average rating of Hold and an average price target of $43.50.

Shares of Unilever PLC (NYSE:UL) opened at 54.35 on Friday. Unilever PLC has a one year low of $38.58 and a one year high of $56.48. The stock has a market cap of $154.34 billion, a price-to-earnings ratio of 26.67 and a beta of 0.90. The firm has a 50-day moving average price of $54.11 and a 200-day moving average price of $47.45.

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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 7th. Stockholders of record on Friday, May 5th were issued a $0.383 dividend. The ex-dividend date was Wednesday, May 3rd. This is a boost from Unilever PLC’s previous quarterly dividend of $0.35. This represents a $1.53 annualized dividend and a dividend yield of 2.82%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Carroll Financial Associates Inc. boosted its position in Unilever PLC by 12.2% in the first quarter. Carroll Financial Associates Inc. now owns 2,374 shares of the company’s stock valued at $117,000 after buying an additional 258 shares during the period. Hartford Financial Management Inc. boosted its position in Unilever PLC by 143.7% in the first quarter. Hartford Financial Management Inc. now owns 2,476 shares of the company’s stock valued at $122,000 after buying an additional 1,460 shares during the period. Perigon Wealth Management LLC bought a new position in Unilever PLC during the fourth quarter valued at about $130,000. West Coast Financial LLC bought a new position in Unilever PLC during the first quarter valued at about $200,000. Finally, Azimuth Capital Management LLC bought a new position in Unilever PLC during the first quarter valued at about $202,000. Institutional investors and hedge funds own 8.52% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “UL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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