Unilever (NYSE:UL) Rating Increased to Hold at UBS Group

Unilever (NYSE:UL - Get Free Report) was upgraded by stock analysts at UBS Group from a "strong sell" rating to a "hold" rating in a note issued to investors on Friday,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. Sanford C. Bernstein upgraded Unilever from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th. DZ Bank raised shares of Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Royal Bank of Canada downgraded Unilever from a "sector perform" rating to an "underperform" rating in a research report on Monday, January 6th. Finally, StockNews.com raised shares of Unilever from a "hold" rating to a "buy" rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Unilever presently has an average rating of "Moderate Buy" and a consensus price target of $66.33.

Unilever Stock Up 0.8 %

UL stock opened at $63.47 on Friday. The stock has a market cap of $156.53 billion, a P/E ratio of 18.19, a PEG ratio of 1.60 and a beta of 0.42. Unilever has a twelve month low of $51.90 and a twelve month high of $65.87. The business's 50-day moving average price is $60.21 and its 200-day moving average price is $58.87.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in Unilever during the 4th quarter worth $176,806,000. Norges Bank purchased a new stake in Unilever in the fourth quarter valued at approximately $153,606,000. Clearbridge Investments LLC boosted its stake in Unilever by 140.1% during the 4th quarter. Clearbridge Investments LLC now owns 3,719,284 shares of the company's stock worth $210,883,000 after purchasing an additional 2,170,242 shares during the period. Jennison Associates LLC grew its holdings in shares of Unilever by 66.4% during the fourth quarter. Jennison Associates LLC now owns 3,454,686 shares of the company's stock worth $195,881,000 after buying an additional 1,378,517 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Unilever by 7.3% in the 4th quarter. Fisher Asset Management LLC now owns 17,940,963 shares of the company's stock valued at $1,017,253,000 after purchasing an additional 1,214,563 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

About Unilever

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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