Unilever PLC (NYSE:UL) Receives $61.75 Consensus PT from Brokerages

Unilever PLC (NYSE:UL) has received an average rating of “Hold” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $61.75.

A number of research firms have issued reports on UL. UBS Group upgraded Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Bank of America raised Unilever from an “underperform” rating to a “buy” rating and raised their target price for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Finally, TD Cowen assumed 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.

Unilever Trading Up 0.7 %

Shares of UL stock opened at $62.81 on Wednesday. Unilever has a 1 year low of $46.16 and a 1 year high of $65.87. The stock has a 50 day simple moving average of $63.49 and a 200 day simple moving average of $57.13.

Unilever Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were given a $0.4773 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.91 annualized dividend and a yield of 3.04%. This is a boost from Unilever’s previous quarterly dividend of $0.46.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of UL. Creative Planning raised its position in shares of Unilever by 8.7% in the third quarter. Creative Planning now owns 295,625 shares of the company’s stock valued at $19,204,000 after purchasing an additional 23,718 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Unilever by 6.1% during the third quarter. Sivia Capital Partners LLC now owns 8,434 shares of the company’s stock worth $548,000 after purchasing an additional 485 shares in the last quarter. Grove Bank & Trust increased its holdings in shares of Unilever by 7.0% in the 3rd quarter. Grove Bank & Trust now owns 4,595 shares of the company’s stock worth $298,000 after buying an additional 302 shares during the last quarter. Boston Mountain Money Management Inc. increased its stake in Unilever by 11.4% in the third quarter. Boston Mountain Money Management Inc. now owns 4,488 shares of the company’s stock valued at $292,000 after acquiring an additional 459 shares during the last quarter. Finally, Procyon Advisors LLC increased its position in shares of Unilever by 13.0% during the 3rd quarter. Procyon Advisors LLC now owns 7,724 shares of the company’s stock valued at $502,000 after purchasing an additional 891 shares during the last quarter. 9.67% of the stock is owned by 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.