Unilever PLC (NYSE:UL) Receives $58.33 Consensus Price Target from Analysts

Unilever PLC (NYSE:UL) has received a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $61.75.

A number of research analysts have issued reports on the stock. TD Cowen assumed coverage on shares of Unilever in a report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price on the stock. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. Argus increased their price objective on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. UBS Group upgraded shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Finally, Redburn Atlantic upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th.

Unilever Stock Performance

NYSE:UL opened at $63.60 on Tuesday. The company’s 50-day moving average is $58.49 and its two-hundred day moving average is $53.69. Unilever has a 12-month low of $46.16 and a 12-month high of $63.62.

Unilever Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 9th will be given a dividend of $0.4773 per share. This represents a $1.91 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Friday, August 9th. This is an increase from Unilever’s previous quarterly dividend of $0.46.

Institutional Trading of Unilever

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Unilever during the 4th quarter valued at approximately $151,263,000. Fiera Capital Corp boosted its stake in shares of Unilever by 1,866.0% during the 2nd quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock valued at $117,451,000 after buying an additional 2,027,221 shares during the last quarter. Equity Investment Corp boosted its stake in shares of Unilever by 107.1% during the 1st quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock valued at $146,091,000 after buying an additional 1,505,233 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Unilever by 249.5% during the 2nd quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock valued at $98,204,000 after buying an additional 1,248,136 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Unilever by 3.3% during the 4th quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock valued at $1,672,275,000 after buying an additional 1,114,417 shares during the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

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.