Unilever PLC (NYSE:UL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “Unilever plc is engaged in manufacturing of branded and packaged consumer goods, including food, detergents and personal care products. The Company also has interests in specialty chemicals. Unilever sells its products internationally. “
A number of other research firms have also recently weighed in on UL. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Unilever PLC in a report on Thursday, September 7th. Royal Bank Of Canada cut Unilever PLC from a “sector perform” rating to an “underperform” rating in a report on Friday, August 11th. Finally, UBS AG reaffirmed a “neutral” rating on shares of Unilever PLC in a report on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $46.00.
Unilever PLC (NYSE UL) traded down 0.49% on Wednesday, reaching $58.85. The company had a trading volume of 600,254 shares. Unilever PLC has a one year low of $38.58 and a one year high of $59.68. The company has a 50-day moving average of $57.91 and a 200 day moving average of $54.10. The stock has a market cap of $165.52 billion, a price-to-earnings ratio of 24.24 and a beta of 0.88.
Large investors have recently bought and sold shares of the company. Mercer Capital Advisers Inc. boosted its position in shares of Unilever PLC by 2.6% in the 2nd quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock worth $106,000 after purchasing an additional 50 shares during the last quarter. Hanson & Doremus Investment Management boosted its position in shares of Unilever PLC by 7.2% in the 2nd quarter. Hanson & Doremus Investment Management now owns 2,230 shares of the company’s stock worth $121,000 after purchasing an additional 150 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its position in shares of Unilever PLC by 22.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,383 shares of the company’s stock worth $182,000 after purchasing an additional 613 shares during the last quarter. NEXT Financial Group Inc boosted its position in shares of Unilever PLC by 7.6% in the 2nd quarter. NEXT Financial Group Inc now owns 3,616 shares of the company’s stock worth $196,000 after purchasing an additional 256 shares during the last quarter. Finally, Northstar Group Inc. bought a new position in shares of Unilever PLC in the 2nd quarter worth $211,000. Institutional investors and hedge funds own 7.28% of the company’s stock.
Unilever PLC Company Profile
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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