Analysts Set Unilever PLC (NYSE:UL) Price Target at $61.75

Unilever PLC (NYSE:ULGet Free Report) has received a consensus recommendation of “Hold” from the ten analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $61.75.

A number of equities research analysts have recently weighed in on the company. TD Cowen began coverage on Unilever in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $67.00 target price for the company. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Friday, October 4th. Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and upped their price target for the company from $47.00 to $72.00 in a report on Thursday, August 22nd. Finally, UBS Group raised shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th.

Read Our Latest Report on Unilever

Hedge Funds Weigh In On Unilever

A number of institutional investors have recently bought and sold shares of the stock. Mayflower Financial Advisors LLC grew its position in shares of Unilever by 4.1% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 4,193 shares of the company’s stock worth $231,000 after buying an additional 167 shares during the period. O Brien Greene & Co. Inc increased its stake in shares of Unilever by 2.7% during the second quarter. O Brien Greene & Co. Inc now owns 6,653 shares of the company’s stock valued at $366,000 after purchasing an additional 174 shares in the last quarter. Crewe Advisors LLC lifted its holdings in shares of Unilever by 17.3% during the second quarter. Crewe Advisors LLC now owns 1,186 shares of the company’s stock valued at $65,000 after purchasing an additional 175 shares during the last quarter. Bailard Inc. boosted its position in shares of Unilever by 1.2% in the 2nd quarter. Bailard Inc. now owns 15,014 shares of the company’s stock worth $826,000 after purchasing an additional 179 shares in the last quarter. Finally, Gallacher Capital Management LLC grew its stake in shares of Unilever by 2.5% in the 2nd quarter. Gallacher Capital Management LLC now owns 7,575 shares of the company’s stock worth $417,000 after buying an additional 182 shares during the last quarter. 9.67% of the stock is owned by institutional investors.

Unilever Price Performance

Unilever stock opened at $62.81 on Wednesday. The firm has a fifty day simple moving average of $63.49 and a two-hundred day simple moving average of $57.13. Unilever has a twelve month low of $46.16 and a twelve month high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 9th were given a dividend of $0.4773 per share. This is an increase from Unilever’s previous quarterly dividend of $0.46. This represents a $1.91 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Friday, August 9th.

Unilever Company Profile

(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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