Brokerages Set Unilever PLC (NYSE:UL) Price Target at $48.00

Unilever PLC (NYSE:UL - Get Free Report) has been assigned an average recommendation of "Reduce" from the five research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $48.00.

Several equities research analysts have recently weighed in on the company. StockNews.com raised Unilever from a "hold" rating to a "buy" rating in a research report on Saturday. Morgan Stanley lowered Unilever from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $52.00 to $48.00 in a research report on Tuesday, February 27th.

Institutional Trading of Unilever

Institutional investors have recently modified their holdings of the business. Quilter Plc purchased a new stake in shares of Unilever in the first quarter valued at approximately $244,998,000. Fortis Capital Advisors LLC purchased a new stake in Unilever during the fourth quarter worth $26,000. Life Planning Partners Inc purchased a new stake in Unilever during the fourth quarter worth $27,000. Jones Financial Companies Lllp raised its holdings in shares of Unilever by 111.5% in 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 during the last quarter. Finally, Rise Advisors LLC acquired a new position in shares of Unilever in the first quarter worth $28,000. 9.67% of the stock is currently owned by hedge funds and other institutional investors.

Unilever Stock Up 0.5 %

Shares of Unilever stock traded up $0.22 during trading hours on Wednesday, reaching $46.69. 4,907,108 shares of the company were exchanged, compared to its average volume of 2,750,858. The stock's fifty day moving average is $49.35 and its 200 day moving average is $48.56. Unilever has a 1 year low of $46.16 and a 1 year high of $55.99.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were paid a $0.4582 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.83 annualized dividend and a dividend yield of 3.93%.

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.