Unilever (NYSE:UL) Cut to “Underperform” at Sanford C. Bernstein

Sanford C. Bernstein cut shares of Unilever (NYSE:ULGet Rating) from a market perform rating to an underperform rating in a report published on Tuesday, The Fly reports.

A number of other research firms have also weighed in on UL. StockNews.com raised shares of Unilever from a hold rating to a buy rating in a research note on Thursday, December 22nd. Berenberg Bank raised shares of Unilever from a hold rating to a buy rating in a research report on Monday, September 26th. Finally, Morgan Stanley lifted their price target on shares of Unilever from $42.75 to $46.00 in a research report on Tuesday, November 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $46.00.

Unilever Stock Down 0.7 %

Shares of Unilever stock opened at $51.09 on Tuesday. Unilever has a twelve month low of $42.44 and a twelve month high of $53.76. The firm’s 50-day moving average price is $50.10 and its 200 day moving average price is $47.36.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Friday, November 18th were issued a $0.4211 dividend. The ex-dividend date was Thursday, November 17th. This represents a $1.68 annualized dividend and a yield of 3.30%.

Institutional Trading of Unilever

Several institutional investors have recently added to or reduced their stakes in the stock. Range Financial Group LLC grew its stake in shares of Unilever by 1.5% in the fourth quarter. Range Financial Group LLC now owns 13,058 shares of the company’s stock worth $657,000 after acquiring an additional 196 shares in the last quarter. Roosevelt Investment Group LLC grew its stake in shares of Unilever by 0.7% in the second quarter. Roosevelt Investment Group LLC now owns 30,822 shares of the company’s stock worth $1,413,000 after acquiring an additional 219 shares in the last quarter. Strategic Advisors LLC lifted its position in shares of Unilever by 0.4% during the 2nd quarter. Strategic Advisors LLC now owns 59,572 shares of the company’s stock worth $2,730,000 after purchasing an additional 224 shares during the last quarter. Cardinal Capital Management lifted its position in shares of Unilever by 0.7% during the 2nd quarter. Cardinal Capital Management now owns 34,121 shares of the company’s stock worth $1,564,000 after purchasing an additional 224 shares during the last quarter. Finally, Harrington Investments INC lifted its position in shares of Unilever by 1.2% during the 2nd quarter. Harrington Investments INC now owns 18,336 shares of the company’s stock worth $840,000 after purchasing an additional 225 shares during the last quarter. Institutional investors and hedge funds own 10.06% 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.

Further Reading

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