Unilever (NYSE:UL) Shares Gap Up to $48.90

Unilever PLC (NYSE:ULGet Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $48.90, but opened at $51.00. Unilever shares last traded at $51.05, with a volume of 450,897 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently commented on UL shares. Barclays upgraded shares of Unilever from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 9th. StockNews.com lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Thursday. Sanford C. Bernstein upgraded shares of Unilever from an “underperform” rating to a “market perform” rating in a report on Monday, December 11th. Finally, Jefferies Financial Group lowered shares of Unilever from a “buy” rating to an “underperform” rating in a report on Monday, December 11th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Read Our Latest Stock Report on Unilever

Unilever Stock Down 0.1 %

The firm’s fifty day moving average is $48.36 and its 200-day moving average is $49.21.

Institutional Trading of Unilever

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quilter Plc acquired a new stake in shares of Unilever during the first quarter worth $244,998,000. Barrett & Company Inc. raised its holdings in shares of Unilever by 51.5% during the third quarter. Barrett & Company Inc. now owns 606 shares of the company’s stock worth $30,000 after purchasing an additional 206 shares during the period. Legacy Private Trust Co. grew its position in shares of Unilever by 4.0% during the third quarter. Legacy Private Trust Co. now owns 5,518 shares of the company’s stock worth $273,000 after acquiring an additional 212 shares during the last quarter. Ausdal Financial Partners Inc. grew its position in shares of Unilever by 1.9% during the second quarter. Ausdal Financial Partners Inc. now owns 11,328 shares of the company’s stock worth $591,000 after acquiring an additional 213 shares during the last quarter. Finally, Sage Rhino Capital LLC grew its position in shares of Unilever by 2.4% during the third quarter. Sage Rhino Capital LLC now owns 9,066 shares of the company’s stock worth $448,000 after acquiring an additional 215 shares during the last quarter. 9.94% of the stock is owned by institutional investors and hedge funds.

About Unilever

(Get Free Report)

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.

Further Reading

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