Unilever (NYSE:UL) Cut to Hold at StockNews.com

Unilever (NYSE:UL) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Separately, Morgan Stanley cut Unilever from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $52.00 to $48.00 in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Unilever has a consensus rating of “Hold” and a consensus target price of $48.00.

Unilever Trading Up 0.2 %

Shares of UL stock opened at $48.08 on Tuesday. The business’s 50 day simple moving average is $49.08 and its 200 day simple moving average is $48.52. Unilever has a one year low of $46.16 and a one year high of $55.99.

Institutional Investors Weigh In On Unilever

Several institutional investors have recently bought and sold shares of UL. Arkadios Wealth Advisors increased its position in shares of Unilever by 12.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 4,495 shares of the company’s stock valued at $222,000 after purchasing an additional 485 shares during the last quarter. 1900 Wealth Management LLC purchased a new stake in shares of Unilever during the 3rd quarter valued at $226,000. DAVENPORT & Co LLC increased its position in shares of Unilever by 3.2% during the 3rd quarter. DAVENPORT & Co LLC now owns 95,009 shares of the company’s stock valued at $4,693,000 after purchasing an additional 2,965 shares during the last quarter. BTC Capital Management Inc. increased its position in shares of Unilever by 12.6% during the 3rd quarter. BTC Capital Management Inc. now owns 32,403 shares of the company’s stock valued at $1,601,000 after purchasing an additional 3,621 shares during the last quarter. Finally, Boston Trust Walden Corp increased its position in shares of Unilever by 5.6% during the 3rd quarter. Boston Trust Walden Corp now owns 9,505 shares of the company’s stock valued at $470,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. 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 consist of the vitamins, minerals, and supplements.