Berenberg Bank upgraded shares of Unilever (NYSE:UL – Get Rating) from a hold rating to a buy rating in a report released on Monday, The Fly reports.
UL has been the subject of a number of other reports. DZ Bank downgraded Unilever from a buy rating to a hold rating in a report on Wednesday, July 27th. StockNews.com initiated coverage on Unilever in a report on Friday, September 16th. They set a buy rating for the company. Sanford C. Bernstein raised shares of Unilever from a market perform rating to an outperform rating in a research report on Friday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft raised shares of Unilever from a hold rating to a buy rating in a research report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold.
Get Unilever alerts:Unilever Trading Down 0.1 %
Shares of Unilever stock opened at $43.82 on Monday. The business has a 50-day moving average price of $46.68 and a two-hundred day moving average price of $45.80. Unilever has a 1-year low of $42.54 and a 1-year high of $55.01.
Unilever Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Friday, August 5th were given a dividend of $0.4555 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date was Thursday, August 4th. This is a boost from Unilever's previous quarterly dividend of $0.45.Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Inscription Capital LLC bought a new stake in Unilever during the second quarter worth $423,000. Federated Hermes Inc. grew its holdings in Unilever by 4,339.1% during the second quarter. Federated Hermes Inc. now owns 706,742 shares of the company's stock worth $32,390,000 after buying an additional 690,821 shares in the last quarter. Brown Advisory Inc. grew its holdings in Unilever by 1.2% during the second quarter. Brown Advisory Inc. now owns 488,815 shares of the company's stock worth $22,402,000 after buying an additional 5,962 shares in the last quarter. B. Riley Wealth Management Inc. grew its holdings in Unilever by 59.9% during the second quarter. B. Riley Wealth Management Inc. now owns 10,103 shares of the company's stock worth $127,880,000 after buying an additional 3,785 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its holdings in Unilever by 338,720.0% during the second quarter. Raleigh Capital Management Inc. now owns 16,941 shares of the company's stock worth $776,000 after buying an additional 16,936 shares in the last quarter. Institutional investors own 9.68% of the company's stock.
Unilever Company Profile
(Get Rating)
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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