Unilever PLC (UL) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Unilever PLC (NYSE:UL) from a buy rating to a hold rating in a report published on Thursday morning.

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. “

UL has been the topic of a number of other research reports. J P Morgan Chase & Co reaffirmed a neutral rating on shares of Unilever PLC in a research report on Thursday, September 7th. Royal Bank Of Canada downgraded Unilever PLC from a sector perform rating to an underperform rating in a report on Friday, August 11th. Finally, UBS AG restated a neutral rating on shares of Unilever PLC in a research note on Monday, July 17th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Unilever PLC has a consensus rating of Hold and a consensus price target of $46.00.

Unilever PLC (UL) opened at 58.98 on Thursday. The stock’s 50 day moving average price is $57.78 and its 200 day moving average price is $53.83. The stock has a market cap of $165.88 billion, a price-to-earnings ratio of 24.81 and a beta of 0.88. Unilever PLC has a 52 week low of $38.58 and a 52 week high of $59.68.

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The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th were issued a $0.409 dividend. This is a boost from Unilever PLC’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Wednesday, August 2nd.

Institutional investors and hedge funds have recently bought and sold shares of the company. Fiduciary Management Inc. WI raised its holdings in Unilever PLC by 56.6% during the first quarter. Fiduciary Management Inc. WI now owns 10,615,523 shares of the company’s stock worth $523,770,000 after purchasing an additional 3,837,015 shares during the last quarter. Mawer Investment Management Ltd. raised its holdings in Unilever PLC by 2.1% during the second quarter. Mawer Investment Management Ltd. now owns 3,910,364 shares of the company’s stock worth $211,629,000 after purchasing an additional 79,598 shares during the last quarter. Harding Loevner LP raised its holdings in Unilever PLC by 6.1% during the second quarter. Harding Loevner LP now owns 2,610,078 shares of the company’s stock worth $141,258,000 after purchasing an additional 150,970 shares during the last quarter. Jane Street Group LLC raised its holdings in Unilever PLC by 459.2% during the first quarter. Jane Street Group LLC now owns 2,119,989 shares of the company’s stock worth $104,600,000 after purchasing an additional 1,740,864 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Unilever PLC by 47.6% during the second quarter. Goldman Sachs Group Inc. now owns 1,837,277 shares of the company’s stock worth $99,434,000 after purchasing an additional 592,653 shares during the last quarter. 7.28% of the stock is owned by institutional investors and hedge funds.

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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