Unilever PLC (NYSE:UL) Receives $48.00 Consensus Target Price from Analysts

Unilever PLC (NYSE:UL) has been given an average recommendation of “Reduce” by the five research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $48.00.

A number of research firms have recently issued reports on UL. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Morgan Stanley lowered shares of Unilever from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $52.00 to $48.00 in a research note on Tuesday, February 27th.

Unilever Trading Up 1.0 %

UL opened at $47.31 on Wednesday. The firm’s 50 day moving average is $49.21 and its 200-day moving average is $48.53. Unilever has a 52-week low of $46.16 and a 52-week high of $55.99.

Unilever Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were paid a $0.4582 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.83 dividend on an annualized basis and a dividend yield of 3.87%.

Institutional Trading of Unilever

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Red Tortoise LLC bought a new stake in shares of Unilever in the first quarter worth $26,000. Fortis Capital Advisors LLC acquired a new position in Unilever in the fourth quarter worth $26,000. Jones Financial Companies Lllp boosted its holdings in Unilever by 111.5% in the third quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock worth $27,000 after purchasing an additional 291 shares during the period. Life Planning Partners Inc acquired a new position in Unilever in the fourth quarter worth $27,000. Finally, Rise Advisors LLC acquired a new position in Unilever in the first quarter worth $28,000. Institutional investors own 9.67% of the company’s stock.

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.