Shares of Unilever plc (NYSE:UL) have received an average recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company.
UL has been the subject of several analyst reports. Zacks Investment Research lowered Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. JPMorgan Chase reiterated a “neutral” rating on shares of Unilever in a research note on Tuesday, February 27th.
Shares of NYSE UL traded down $0.02 during trading on Wednesday, reaching $56.17. The company had a trading volume of 333,352 shares, compared to its average volume of 1,354,269. Unilever has a twelve month low of $50.08 and a twelve month high of $60.13. The stock has a market cap of $69,089.81, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 2.48 and a beta of 0.81.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Friday, February 16th were paid a dividend of $0.4452 per share. The ex-dividend date was Thursday, February 15th. This is a positive change from Unilever’s previous quarterly dividend of $0.42. This represents a $1.78 annualized dividend and a yield of 3.17%. Unilever’s dividend payout ratio is currently 69.57%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Calton & Associates Inc. purchased a new stake in shares of Unilever in the fourth quarter worth about $134,000. Duncker Streett & Co. Inc. purchased a new stake in shares of Unilever in the fourth quarter worth about $152,000. Global Trust Asset Management LLC purchased a new stake in shares of Unilever in the fourth quarter worth about $174,000. We Are One Seven LLC purchased a new stake in shares of Unilever in the fourth quarter worth about $178,000. Finally, PenderFund Capital Management Ltd. purchased a new stake in shares of Unilever in the fourth quarter worth about $191,000. 6.67% of the stock is owned by institutional investors.
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Unilever PLC operates in the fast-moving consumer goods industry worldwide. It operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skin care and hair care products, deodorants, and oral care products. The Home Care segment provides home care products, including powders, liquids and capsules, soap bars, and various cleaning products.
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