Unilever PLC (NYSE:UL) Receives $70.67 Consensus PT from Analysts

Shares of Unilever PLC (NYSE:UL - Get Free Report) have been given an average rating of "Moderate Buy" by the nine research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $70.67.

A number of analysts have recently commented on the stock. Wall Street Zen lowered shares of Unilever from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. BNP Paribas Exane started coverage on shares of Unilever in a research report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price objective on the stock. UBS Group raised shares of Unilever from a "strong sell" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, BNP Paribas raised shares of Unilever to a "strong-buy" rating in a research report on Thursday, May 29th.

Unilever Stock Up 0.4%

Shares of UL stock traded up $0.22 during trading on Friday, reaching $61.01. The company's stock had a trading volume of 2,399,724 shares, compared to its average volume of 2,480,184. The business has a fifty day moving average price of $62.32 and a 200-day moving average price of $59.89. The company has a market cap of $149.75 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 3.86 and a beta of 0.41. Unilever has a one year low of $54.32 and a one year high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 16th were issued a $0.5151 dividend. This is an increase from Unilever's previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Friday, May 16th. Unilever's payout ratio is currently 59.03%.

Hedge Funds Weigh In On Unilever

Several institutional investors and hedge funds have recently modified their holdings of the stock. Opal Wealth Advisors LLC increased its holdings in shares of Unilever by 22.6% in the second quarter. Opal Wealth Advisors LLC now owns 1,295 shares of the company's stock valued at $79,000 after purchasing an additional 239 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. boosted its position in shares of Unilever by 9.6% in the second quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 7,167 shares of the company's stock valued at $438,000 after acquiring an additional 625 shares during the period. Golden State Equity Partners boosted its position in shares of Unilever by 6.8% in the second quarter. Golden State Equity Partners now owns 13,700 shares of the company's stock valued at $838,000 after acquiring an additional 869 shares during the period. GAMMA Investing LLC boosted its position in shares of Unilever by 11.7% in the second quarter. GAMMA Investing LLC now owns 14,665 shares of the company's stock valued at $897,000 after acquiring an additional 1,538 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its position in shares of Unilever by 71.0% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 43,057 shares of the company's stock valued at $2,634,000 after acquiring an additional 17,874 shares during the period. 9.67% of the stock is currently owned by institutional investors and hedge funds.

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.