Unilever (NYSE:UL) Stock Rating Lowered by StockNews.com

Unilever (NYSE:UL) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Several other equities research analysts also recently commented on UL. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and boosted their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. TD Cowen assumed coverage on shares of Unilever in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 price target on the stock. Finally, UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Price Performance

Shares of UL stock traded down $0.67 during mid-day trading on Tuesday, reaching $57.56. The stock 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 simple moving average is $63.21 and its 200 day simple moving average is $59.29.

Institutional Investors Weigh In On Unilever

Several institutional investors have recently modified their holdings of UL. ST Germain D J Co. Inc. boosted its holdings in Unilever by 423.8% during the second quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after buying an additional 428 shares during the last quarter. Abich Financial Wealth Management LLC grew its holdings in Unilever by 393.5% during the second quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock valued at $29,000 after purchasing an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Unilever in the third quarter worth $35,000. 1620 Investment Advisors Inc. acquired a new stake in Unilever in the second quarter worth $30,000. Finally, Jamison Private Wealth Management Inc. grew its holdings in shares of Unilever by 202.5% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after buying an additional 405 shares during the period. 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.