Shares of Unilever PLC (NYSE:UL – Get Rating) have received an average rating of "Hold" from the eight research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company.
UL has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded Unilever from a "hold" rating to a "buy" rating in a report on Tuesday, July 26th. Sanford C. Bernstein upgraded Unilever from a "market perform" rating to an "outperform" rating in a report on Friday, July 22nd. DZ Bank downgraded Unilever from a "buy" rating to a "hold" rating in a report on Wednesday, July 27th. Berenberg Bank upgraded Unilever from a "hold" rating to a "buy" rating in a report on Monday. Finally, StockNews.com initiated coverage on Unilever in a report on Friday, September 16th. They set a "buy" rating on the stock.
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Unilever Stock Performance
Unilever stock opened at $43.31 on Wednesday. The stock's 50-day moving average is $46.60 and its 200-day moving average is $45.79. Unilever has a 12 month low of $42.54 and a 12 month high of $55.01.
Unilever Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 5th were paid a dividend of $0.4555 per share. This represents a $1.82 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend was Thursday, August 4th. This is a positive change from Unilever's previous quarterly dividend of $0.45.
Institutional Investors Weigh In On Unilever
A number of hedge funds have recently bought and sold shares of UL. Inscription Capital LLC acquired a new position in shares of Unilever in the 2nd quarter worth approximately $423,000. Federated Hermes Inc. grew its position in shares of Unilever by 4,339.1% in the 2nd quarter. Federated Hermes Inc. now owns 706,742 shares of the company's stock worth $32,390,000 after acquiring an additional 690,821 shares in the last quarter. Brown Advisory Inc. grew its position in shares of Unilever by 1.2% in the 2nd quarter. Brown Advisory Inc. now owns 488,815 shares of the company's stock worth $22,402,000 after acquiring an additional 5,962 shares in the last quarter. B. Riley Wealth Management Inc. grew its position in shares of Unilever by 59.9% in the 2nd quarter. B. Riley Wealth Management Inc. now owns 10,103 shares of the company's stock worth $127,880,000 after acquiring an additional 3,785 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of Unilever by 338,720.0% in the 2nd quarter. Raleigh Capital Management Inc. now owns 16,941 shares of the company's stock worth $776,000 after purchasing an additional 16,936 shares during the last quarter. Institutional investors and hedge funds own 9.68% of the company's stock.
Unilever Company Profile
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Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products. The Foods & Refreshment segment offers ice cream, soups, bouillons, seasonings, mayonnaise, ketchups, and tea categories.
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