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

Shares of Unilever PLC (NYSE:UL) have been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the firm, MarketBeat 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 brokerages that have issued ratings on the stock in the last year is $61.75.

Several brokerages recently commented on UL. JPMorgan Chase & Co. upgraded Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. UBS Group upgraded Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. TD Cowen began coverage on Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 target price on the stock. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. Finally, Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th.

Unilever Stock Performance

Shares of Unilever stock opened at $63.60 on Tuesday. Unilever has a one year low of $46.16 and a one year high of $63.62. The stock’s 50-day moving average is $58.49 and its 200 day moving average is $53.69.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 9th will be paid a $0.4773 dividend. The ex-dividend date is Friday, August 9th. This is an increase from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 annualized dividend and a dividend yield of 3.00%.

Institutional Trading of Unilever

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mayflower Financial Advisors LLC raised its position in Unilever by 4.1% during the second quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock valued at $231,000 after purchasing an additional 167 shares in the last quarter. O Brien Greene & Co. Inc raised its position in Unilever by 2.7% during the second quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock valued at $366,000 after purchasing an additional 174 shares in the last quarter. Crewe Advisors LLC increased its holdings in shares of Unilever by 17.3% in the second quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock worth $65,000 after buying an additional 175 shares during the period. Bailard Inc. increased its holdings in shares of Unilever by 1.2% in the second quarter. Bailard Inc. now owns 15,014 shares of the company’s stock worth $826,000 after buying an additional 179 shares during the period. Finally, Gallacher Capital Management LLC increased its holdings in shares of Unilever by 2.5% in the second quarter. Gallacher Capital Management LLC now owns 7,575 shares of the company’s stock worth $417,000 after buying an additional 182 shares during the period. 9.67% of the stock is owned by hedge funds and other institutional investors.

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.