StockNews.com Upgrades Unilever (NYSE:UL) to Buy

StockNews.com upgraded shares of Unilever (NYSE:UL) from a hold rating to a buy rating in a report issued on Saturday.

UL has been the topic of a number of other reports. Bank of America started coverage on shares of Unilever in a research report on Wednesday, October 11th. They set an underperform rating on the stock. Barclays upgraded shares of Unilever from an equal weight rating to an overweight rating in a research note on Thursday, November 9th.

Unilever Stock Performance

NYSE:UL opened at $46.98 on Friday. Unilever has a 52 week low of $46.16 and a 52 week high of $55.99. The firm has a market cap of $118.06 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 3.33 and a beta of 0.45. The firm’s 50-day simple moving average is $48.62 and its 200 day simple moving average is $50.69.

Institutional Investors Weigh In On Unilever

A number of large investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of Unilever by 2.1% in the 1st quarter. Wellington Management Group LLP now owns 35,469,377 shares of the company’s stock valued at $1,841,925,000 after purchasing an additional 741,815 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Unilever by 1.7% in the 1st quarter. BlackRock Inc. now owns 19,363,465 shares of the company’s stock valued at $1,005,545,000 after purchasing an additional 331,498 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Unilever by 5.0% in the 1st quarter. Bank of America Corp DE now owns 10,441,673 shares of the company’s stock valued at $542,236,000 after purchasing an additional 494,549 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Unilever by 9.4% in the 2nd quarter. Fisher Asset Management LLC now owns 9,250,966 shares of the company’s stock valued at $482,253,000 after purchasing an additional 797,094 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Unilever by 6.4% in the 3rd quarter. FMR LLC now owns 8,548,447 shares of the company’s stock valued at $422,293,000 after purchasing an additional 515,088 shares in the last quarter. 9.94% of the stock is currently owned by institutional investors and hedge funds.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream segments. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products, which includes the vitamins, minerals, and supplements.