Unilever PLC (UL) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Unilever PLC (NYSE:UL) from a buy rating to a sell rating in a report released on Saturday.

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. “

Several other research firms have also recently commented on UL. J P Morgan Chase & Co reaffirmed a neutral rating on shares of Unilever PLC in a research report on Thursday, September 7th. UBS AG restated a neutral rating on shares of Unilever PLC in a research note on Monday, July 17th. Morgan Stanley restated a neutral rating on shares of Unilever PLC in a research note on Wednesday, October 11th. Finally, Royal Bank Of Canada lowered shares of Unilever PLC from a sector perform rating to an underperform rating in a research note on Friday, August 11th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $45.50.

Shares of Unilever PLC (NYSE UL) opened at 59.84 on Friday. The stock has a market capitalization of $168.30 billion, a price-to-earnings ratio of 24.65 and a beta of 0.88. The company has a 50-day moving average of $58.24 and a 200-day moving average of $55.20. Unilever PLC has a 1-year low of $38.58 and a 1-year high of $60.13.

WARNING: “Unilever PLC (UL) Cut to “Sell” at Zacks Investment Research” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/17/unilever-plc-ul-cut-to-sell-at-zacks-investment-research.html.

A number of hedge funds have recently bought and sold shares of the business. Eqis Capital Management Inc. increased its position in Unilever PLC by 14.4% during the third quarter. Eqis Capital Management Inc. now owns 19,667 shares of the company’s stock valued at $1,140,000 after acquiring an additional 2,480 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Unilever PLC by 113.8% during the second quarter. Perigon Wealth Management LLC now owns 5,788 shares of the company’s stock valued at $313,000 after purchasing an additional 3,081 shares during the period. Hall Laurie J Trustee boosted its stake in shares of Unilever PLC by 11.3% during the second quarter. Hall Laurie J Trustee now owns 14,535 shares of the company’s stock valued at $787,000 after purchasing an additional 1,475 shares during the period. WFG Advisors LP lifted its stake in Unilever PLC by 11.8% in the second quarter. WFG Advisors LP now owns 4,838 shares of the company’s stock worth $262,000 after acquiring an additional 511 shares during the period. Finally, Toronto Dominion Bank lifted its stake in Unilever PLC by 1.2% in the second quarter. Toronto Dominion Bank now owns 11,890 shares of the company’s stock worth $644,000 after acquiring an additional 138 shares during the period. Institutional investors and hedge funds own 7.32% of the company’s stock.

About Unilever PLC

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.

Get a free copy of the Zacks research report on Unilever PLC (UL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

NYSE UL) opened at 59.84 on Friday. The stock has a market capitalization of $168.30 billion, a price-to-earnings ratio of 24.65 and a beta of 0.88. The company has a 50-day moving average of $58.24 and a 200-day moving average of $55.20. Unilever PLC has a 1-year low of $38.58 and a 1-year high of $60.13.

WARNING: “Unilever PLC (UL) Cut to “Sell” at Zacks Investment Research” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/17/unilever-plc-ul-cut-to-sell-at-zacks-investment-research.html.

A number of hedge funds have recently bought and sold shares of the business. Eqis Capital Management Inc. increased its position in Unilever PLC by 14.4% during the third quarter. Eqis Capital Management Inc. now owns 19,667 shares of the company’s stock valued at $1,140,000 after acquiring an additional 2,480 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Unilever PLC by 113.8% during the second quarter. Perigon Wealth Management LLC now owns 5,788 shares of the company’s stock valued at $313,000 after purchasing an additional 3,081 shares during the period. Hall Laurie J Trustee boosted its stake in shares of Unilever PLC by 11.3% during the second quarter. Hall Laurie J Trustee now owns 14,535 shares of the company’s stock valued at $787,000 after purchasing an additional 1,475 shares during the period. WFG Advisors LP lifted its stake in Unilever PLC by 11.8% in the second quarter. WFG Advisors LP now owns 4,838 shares of the company’s stock worth $262,000 after acquiring an additional 511 shares during the period. Finally, Toronto Dominion Bank lifted its stake in Unilever PLC by 1.2% in the second quarter. Toronto Dominion Bank now owns 11,890 shares of the company’s stock worth $644,000 after acquiring an additional 138 shares during the period. Institutional investors and hedge funds own 7.32% of the company’s stock.

About Unilever PLC

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.

Get a free copy of the Zacks research report on Unilever PLC (UL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Unilever PLC (NYSE:UL)

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