Unilever (NYSE:UL) Rating Lowered to Hold at StockNews.com

Unilever (NYSE:ULGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Other research analysts also recently issued research reports about the stock. Morgan Stanley lifted their price target on shares of Unilever from $42.75 to $46.00 in a research note on Tuesday, November 1st. Berenberg Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Monday, September 26th. Finally, DZ Bank downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $46.00.

Unilever Trading Up 0.9 %

Shares of UL stock traded up $0.43 during trading on Thursday, reaching $49.53. The company’s stock had a trading volume of 2,183,774 shares, compared to its average volume of 2,766,274. The stock’s 50-day moving average price is $45.35 and its 200 day moving average price is $45.81. Unilever has a 1-year low of $42.44 and a 1-year high of $54.35.

Hedge Funds Weigh In On Unilever

Several institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in shares of Unilever by 16.0% during the 1st quarter. Wellington Management Group LLP now owns 17,225,391 shares of the company’s stock worth $784,961,000 after purchasing an additional 2,378,067 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Unilever by 1,869.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,519,198 shares of the company’s stock valued at $69,625,000 after acquiring an additional 1,442,059 shares during the last quarter. Equity Investment Corp acquired a new stake in Unilever in the 1st quarter valued at about $59,188,000. Fisher Asset Management LLC grew its stake in Unilever by 20.7% in the 3rd quarter. Fisher Asset Management LLC now owns 6,968,721 shares of the company’s stock valued at $305,509,000 after acquiring an additional 1,194,641 shares during the last quarter. Finally, Hamlin Capital Management LLC grew its stake in Unilever by 107.0% in the 3rd quarter. Hamlin Capital Management LLC now owns 2,180,321 shares of the company’s stock valued at $95,585,000 after acquiring an additional 1,126,995 shares during the last quarter. 9.68% of the stock is owned by institutional investors and hedge funds.

About Unilever

(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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Analyst Recommendations for Unilever (NYSE:UL)

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