Unilever (NYSE:UL) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Unilever (NYSE:ULGet Rating) from a buy rating to a hold rating in a research note released on Thursday.

Several other analysts have also recently commented on the stock. DZ Bank lowered shares of Unilever from a buy rating to a hold rating in a report on Wednesday, July 27th. Berenberg Bank upgraded Unilever from a hold rating to a buy rating in a research report on Monday, September 26th. Finally, Morgan Stanley boosted their target price on Unilever from $42.75 to $46.00 in a research report on Tuesday, November 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $46.00.

Unilever Stock Performance

UL opened at $49.53 on Thursday. Unilever has a 1-year low of $42.44 and a 1-year high of $54.35. The firm has a 50-day moving average price of $45.35 and a two-hundred day moving average price of $45.81.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 18th will be given a dividend of $0.4211 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Thursday, November 17th.

Institutional Investors Weigh In On Unilever

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Toroso Investments LLC boosted its stake in Unilever by 13.8% during the 3rd quarter. Toroso Investments LLC now owns 9,587 shares of the company’s stock worth $420,000 after acquiring an additional 1,160 shares during the last quarter. IHT Wealth Management LLC raised its holdings in Unilever by 107.2% in the third quarter. IHT Wealth Management LLC now owns 10,244 shares of the company’s stock worth $449,000 after purchasing an additional 5,299 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in shares of Unilever by 40.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 26,287 shares of the company’s stock worth $1,155,000 after purchasing an additional 7,544 shares in the last quarter. Cladis Investment Advisory LLC acquired a new position in shares of Unilever in the 3rd quarter valued at $221,000. Finally, CENTRAL TRUST Co increased its position in shares of Unilever by 3.3% in the 3rd quarter. CENTRAL TRUST Co now owns 10,927 shares of the company’s stock valued at $479,000 after buying an additional 350 shares in the last quarter. Institutional investors own 9.68% of the company’s stock.

About Unilever

(Get Rating)

Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products. The Foods & Refreshment segment offers ice cream, soups, bouillons, seasonings, mayonnaise, ketchups, and tea categories.

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Analyst Recommendations for Unilever (NYSE:UL)

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