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

Unilever (NYSE:UL) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Other equities analysts also recently issued reports about the company. TD Cowen began coverage on Unilever in a research report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price objective for the company. UBS Group upgraded Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Finally, Bank of America raised Unilever from an “underperform” rating to a “buy” rating and increased their price target for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $61.75.

Unilever Stock Down 0.3 %

Shares of NYSE:UL opened at $57.39 on Tuesday. The company’s 50-day moving average price is $63.06 and its 200 day moving average price is $59.33. The company has a market cap of $142.87 billion, a PE ratio of 16.98, a P/E/G ratio of 1.74 and a beta of 0.49. Unilever has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Institutional Investors Weigh In On Unilever

A number of institutional investors and hedge funds have recently bought and sold shares of the business. ST Germain D J Co. Inc. boosted its holdings in shares of Unilever by 423.8% in 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 period. Abich Financial Wealth Management LLC boosted its stake in Unilever by 393.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 533 shares of the company’s stock worth $29,000 after purchasing an additional 425 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in Unilever during the 3rd quarter worth approximately $35,000. 1620 Investment Advisors Inc. acquired a new stake in Unilever during the 2nd quarter valued at $30,000. Finally, Jamison Private Wealth Management Inc. lifted its holdings in shares of Unilever by 202.5% in the third quarter. Jamison Private Wealth Management Inc. now owns 605 shares of the company’s stock valued at $39,000 after purchasing an additional 405 shares in the last quarter. 9.67% of the stock is owned by institutional investors and hedge funds.

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.