Unilever PLC (UL) – What Are Brokerages Thinking About This Stock?

Shares of Unilever PLC (NYSE:UL) have earned an average recommendation of “Hold” from the nineteen analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $65.55.

Several research firms have weighed in on UL. Jefferies Financial Group reissued a “sell” rating on shares of Unilever in a research note on Tuesday, August 11th. Barclays restated a “buy” rating on shares of Unilever in a research report on Tuesday, July 7th. UBS Group restated a “sell” rating on shares of Unilever in a research report on Monday, August 3rd. DZ Bank reaffirmed a “buy” rating on shares of Unilever in a research note on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Unilever from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th.

Unilever Price Performance

UL stock opened at $62.23 on Friday. The business’s fifty day moving average is $62.80 and its 200-day moving average is $60.34. Unilever has a twelve month low of $54.75 and a twelve month high of $74.97.

Unilever (NYSE:UL) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($1.25). The firm had revenue of $14.62 billion during the quarter, compared to analyst estimates of $14.80 billion. On average, equities research analysts forecast that Unilever will post 3.54 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of UL. Bank of America Corp DE raised its holdings in Unilever by 16.4% in the first quarter. Bank of America Corp DE now owns 6,661,426 shares of the company’s stock worth $379,501,000 after purchasing an additional 937,346 shares during the period. Royal Bank of Canada grew its holdings in shares of Unilever by 13.6% in the 1st quarter. Royal Bank of Canada now owns 3,403,807 shares of the company’s stock valued at $193,915,000 after buying an additional 406,610 shares during the period. Hamlin Capital Management LLC grew its holdings in shares of Unilever by 11.6% in the 2nd quarter. Hamlin Capital Management LLC now owns 2,722,721 shares of the company’s stock valued at $163,690,000 after buying an additional 282,076 shares during the period. Lazard Asset Management LLC increased its position in shares of Unilever by 674.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,794,600 shares of the company’s stock valued at $159,208,000 after buying an additional 2,433,625 shares in the last quarter. Finally, Equity Investment Corp increased its position in shares of Unilever by 2.4% in the 2nd quarter. Equity Investment Corp now owns 1,996,952 shares of the company’s stock valued at $120,057,000 after buying an additional 46,801 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Company Profile

Unilever PLC is a global consumer goods company headquartered in London, England. It develops, manufactures and markets branded products across beauty and wellbeing, personal care, home care and nutrition. Its portfolio includes widely recognized brands such as Dove, Vaseline, Axe, Rexona, Cif, Domestos, Knorr, Hellmann’s and Magnum, although product availability varies by market.

The company’s products are sold through supermarkets, convenience stores, pharmacies, e-commerce platforms and other retail channels in countries around the world.