Unilever (NYSE:UL - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a report released on Friday.
A number of other brokerages have also recently commented on UL. Morgan Stanley cut shares of Unilever from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th. Sanford C. Bernstein raised shares of Unilever from an "underperform" rating to a "market perform" rating in a research note on Monday, December 11th. Finally, Jefferies Financial Group cut shares of Unilever from a "buy" rating to an "underperform" rating in a research note on Monday, December 11th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Unilever currently has an average rating of "Hold" and a consensus target price of $48.00.
View Our Latest Report on Unilever
Unilever Stock Performance
UL traded down $0.28 during trading on Friday, hitting $48.44. 2,242,530 shares of the company traded hands, compared to its average volume of 2,712,258. The stock's 50-day simple moving average is $49.64 and its two-hundred day simple moving average is $48.70. Unilever has a 1 year low of $46.16 and a 1 year high of $55.99.
Institutional Investors Weigh In On Unilever
Large investors have recently modified their holdings of the business. Allianz Asset Management GmbH raised its stake in shares of Unilever by 43.5% during the 1st quarter. Allianz Asset Management GmbH now owns 26,032 shares of the company's stock worth $1,186,000 after acquiring an additional 7,895 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Unilever by 4.2% during the 1st quarter. Cetera Investment Advisers now owns 48,220 shares of the company's stock worth $2,197,000 after acquiring an additional 1,963 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in shares of Unilever by 40.5% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 41,294 shares of the company's stock worth $1,881,000 after acquiring an additional 11,905 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Unilever by 10.7% during the 1st quarter. Baird Financial Group Inc. now owns 127,034 shares of the company's stock worth $5,788,000 after acquiring an additional 12,302 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of Unilever by 204.6% during the 1st quarter. Covestor Ltd now owns 667 shares of the company's stock worth $30,000 after acquiring an additional 448 shares in the last quarter. Institutional investors own 9.67% of the company's stock.
About Unilever
(
Get Free Report)
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.
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