Unilever PLC (NYSE:UL – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $61.37, but opened at $66.64. Unilever shares last traded at $66.4540, with a volume of 1,380,459 shares.
Analyst Ratings Changes
Several research firms recently weighed in on UL. Royal Bank Of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a report on Tuesday, April 21st. Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Monday, July 6th. Zacks Research downgraded Unilever from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. DZ Bank raised Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings downgraded shares of Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $65.55.
View Our Latest Research Report on UL
Unilever Price Performance
Unilever (NYSE:UL – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.93). The company had revenue of $14.62 billion during the quarter, compared to analyst estimates of $29.49 billion. Analysts predict that Unilever PLC will post 3.51 EPS for the current year.
Institutional Trading of Unilever
Institutional investors have recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in shares of Unilever by 5.4% during the 4th quarter. Brighton Jones LLC now owns 10,572 shares of the company’s stock worth $599,000 after purchasing an additional 539 shares in the last quarter. AQR Capital Management LLC raised its stake in Unilever by 4.7% in the first quarter. AQR Capital Management LLC now owns 35,007 shares of the company’s stock valued at $2,085,000 after purchasing an additional 1,587 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Unilever by 39.7% in the second quarter. Gamco Investors INC. ET AL now owns 15,848 shares of the company’s stock valued at $969,000 after purchasing an additional 4,501 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in Unilever by 70.5% during the second quarter. Qube Research & Technologies Ltd now owns 378,313 shares of the company’s stock worth $23,141,000 after purchasing an additional 156,404 shares during the period. Finally, Sei Investments Co. lifted its position in Unilever by 17.4% during the second quarter. Sei Investments Co. now owns 427,577 shares of the company’s stock worth $26,155,000 after purchasing an additional 63,376 shares during the period. 9.67% of the stock is currently owned by institutional investors.
About Unilever
Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.
Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.
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