StockNews.com Downgrades Unilever (NYSE:UL) to Hold

Unilever (NYSE:ULGet Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other brokerages have also issued reports on UL. Sanford C. Bernstein upgraded shares of Unilever from an “underperform” rating to a “market perform” rating in a research note on Monday, March 14th. Societe Generale lowered shares of Unilever from a “buy” rating to a “sell” rating in a research note on Monday, May 16th. Finally, The Goldman Sachs Group initiated coverage on shares of Unilever in a research note on Friday, February 25th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $57.01.

Shares of NYSE:UL opened at $43.69 on Friday. Unilever has a 12 month low of $42.54 and a 12 month high of $60.99. The company’s fifty day simple moving average is $45.16 and its 200 day simple moving average is $48.42.

Several institutional investors have recently added to or reduced their stakes in UL. Wellington Management Group LLP boosted its holdings in shares of Unilever by 16.0% during the 1st quarter. Wellington Management Group LLP now owns 17,225,391 shares of the company’s stock worth $784,961,000 after buying an additional 2,378,067 shares during the period. GQG Partners LLC bought a new stake in shares of Unilever during the 4th quarter worth about $391,267,000. Pendal Group Ltd boosted its holdings in shares of Unilever by 29,662.4% during the 4th quarter. Pendal Group Ltd now owns 5,689,084 shares of the company’s stock worth $303,662,000 after buying an additional 5,669,969 shares during the period. Capital International Investors boosted its holdings in shares of Unilever by 0.6% during the 1st quarter. Capital International Investors now owns 5,042,546 shares of the company’s stock worth $229,988,000 after buying an additional 28,870 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of Unilever by 24.3% during the 1st quarter. Fisher Asset Management LLC now owns 4,922,757 shares of the company’s stock worth $224,330,000 after buying an additional 962,570 shares during the period. Institutional investors own 16.81% 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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