Brokerages Set Unilever PLC (NYSE:UL) Target Price at $70.67

Unilever PLC (NYSE:UL) has earned a consensus rating of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $70.67.

UL has been the topic of a number of analyst reports. BNP Paribas upgraded Unilever to a “strong-buy” rating in a research report on Thursday, May 29th. BNP Paribas Exane began coverage on shares of Unilever in a research report on Thursday, May 29th. They issued an “outperform” rating and a $73.00 price target on the stock. DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Wall Street Zen lowered Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Finally, UBS Group upgraded Unilever from a “strong sell” rating to a “hold” rating in a report on Friday, May 2nd.

Unilever Trading Down 0.2%

UL opened at $62.10 on Monday. The stock’s 50 day simple moving average is $62.95 and its 200-day simple moving average is $59.51. The stock has a market cap of $152.43 billion, a PE ratio of 17.79, a P/E/G ratio of 3.46 and a beta of 0.43. Unilever has a 1 year low of $54.32 and a 1 year high of $65.87.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were given a $0.5151 dividend. This is a positive change from Unilever’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Friday, May 16th. Unilever’s dividend payout ratio (DPR) is currently 59.03%.

Institutional Investors Weigh In On Unilever

Several large investors have recently bought and sold shares of UL. VSM Wealth Advisory LLC bought a new stake in Unilever in the 4th quarter valued at $28,000. Roxbury Financial LLC acquired a new stake in Unilever in the 4th quarter valued at $30,000. Vermillion Wealth Management Inc. bought a new stake in Unilever during the 4th quarter worth about $30,000. N.E.W. Advisory Services LLC bought a new stake in Unilever during the 1st quarter worth about $30,000. Finally, Mainstream Capital Management LLC acquired a new position in shares of Unilever during the 4th quarter worth about $31,000. 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.