Unilever PLC (NYSE:UL) Receives $61.75 Consensus Price Target from Analysts

Shares of Unilever PLC (NYSE:ULGet Free Report) have received an average recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $61.75.

UL has been the topic of a number of recent research reports. Erste Group Bank reissued a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

Read Our Latest Stock Analysis on UL

Hedge Funds Weigh In On Unilever

A number of large investors have recently bought and sold shares of the business. Abich Financial Wealth Management LLC raised 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 valued at $29,000 after purchasing an additional 425 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Unilever in the third quarter valued at $35,000. Jamison Private Wealth Management Inc. lifted its position in 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 buying an additional 405 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Unilever in the 3rd quarter worth approximately $40,000. Finally, Coastline Trust Co purchased a new position in shares of Unilever during the third quarter worth $48,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Stock Performance

Unilever stock opened at $57.46 on Monday. The company has a market capitalization of $142.38 billion, a PE ratio of 17.31, a P/E/G ratio of 1.80 and a beta of 0.48. The company has a 50 day moving average price of $59.24 and a 200-day moving average price of $60.28. Unilever has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 8th were issued a dividend of $0.4755 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.31%. This is a positive change from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, November 8th. Unilever’s payout ratio is 56.63%.

About Unilever

(Get Free Report

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.

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Analyst Recommendations for Unilever (NYSE:UL)

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