Unilever (NYSE:UL) was downgraded by stock analysts at UBS Group from a “neutral” rating to a “sell” rating in a research note issued to investors on Monday, Briefing.com Automated Import reports.
Other equities research analysts also recently issued reports about the company. HSBC raised Unilever from a “reduce” rating to a “hold” rating in a report on Wednesday, April 8th. DZ Bank downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, April 28th. Cfra upped their price objective on Unilever from $11.00 to $45.00 and gave the stock a “sell” rating in a report on Thursday, April 23rd. Societe Generale reaffirmed a “sell” rating on shares of Unilever in a report on Thursday, June 4th. Finally, Zacks Investment Research downgraded Unilever from a “hold” rating to a “sell” rating in a report on Tuesday, May 26th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $45.00.
NYSE UL opened at $55.27 on Monday. The stock’s 50 day moving average is $54.21 and its two-hundred day moving average is $54.89. The company has a market capitalization of $63.80 billion, a price-to-earnings ratio of 19.33 and a beta of 0.52. Unilever has a 1-year low of $44.06 and a 1-year high of $64.84.
Several institutional investors have recently modified their holdings of UL. Federated Hermes Inc. boosted its stake in Unilever by 923.7% in the 1st quarter. Federated Hermes Inc. now owns 2,190,442 shares of the company’s stock worth $110,770,000 after purchasing an additional 1,976,474 shares during the period. Norges Bank acquired a new position in shares of Unilever during the 4th quarter worth about $93,240,000. Manning & Napier Group LLC boosted its stake in shares of Unilever by 35.8% during the 1st quarter. Manning & Napier Group LLC now owns 4,011,009 shares of the company’s stock worth $202,836,000 after buying an additional 1,056,793 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Unilever by 25.4% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 4,627,591 shares of the company’s stock worth $264,559,000 after buying an additional 938,691 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Unilever by 56.3% during the 1st quarter. Raymond James & Associates now owns 2,051,288 shares of the company’s stock worth $103,734,000 after buying an additional 738,635 shares during the last quarter. Institutional investors own 7.30% of the company’s stock.
Unilever Company Profile
Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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