Unilever (NYSE:UL) Cut to Hold at StockNews.com

Unilever (NYSE:UL) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

UL has been the subject of several other reports. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. UBS Group raised shares of Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Finally, TD Cowen began coverage on shares of Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price objective on the stock. Three analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Unilever currently has an average rating of “Hold” and a consensus target price of $61.75.

Unilever Trading Down 1.2 %

UL traded down $0.67 during trading on Tuesday, hitting $57.56. The company had a trading volume of 2,919,293 shares, compared to its average volume of 2,596,567. Unilever has a one year low of $46.46 and a one year high of $65.87. The firm’s 50-day moving average price is $63.21 and its 200 day moving average price is $59.29.

Institutional Trading of Unilever

A number of large investors have recently added to or reduced their stakes in UL. Hartford Funds Management Co LLC increased its holdings in shares of Unilever by 3.1% during the 3rd quarter. Hartford Funds Management Co LLC now owns 13,220 shares of the company’s stock worth $859,000 after acquiring an additional 395 shares during the last quarter. Summit Trail Advisors LLC boosted its holdings in shares of Unilever by 6.2% during the 3rd quarter. Summit Trail Advisors LLC now owns 15,856 shares of the company’s stock worth $1,030,000 after buying an additional 919 shares during the period. SevenBridge Financial Group LLC grew its stake in Unilever by 2.9% in the 3rd quarter. SevenBridge Financial Group LLC now owns 43,913 shares of the company’s stock valued at $2,853,000 after buying an additional 1,250 shares during the last quarter. Larson Financial Group LLC raised its holdings in Unilever by 823.7% in the 3rd quarter. Larson Financial Group LLC now owns 18,704 shares of the company’s stock valued at $1,215,000 after acquiring an additional 16,679 shares during the period. Finally, Cerity Partners LLC lifted its position in Unilever by 22.2% during the third quarter. Cerity Partners LLC now owns 205,049 shares of the company’s stock worth $13,320,000 after acquiring an additional 37,255 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.