Unilever (NYSE:UL – Get Free Report) had its price objective lowered by equities research analysts at TD Cowen from $76.00 to $74.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price target points to a potential upside of 18.26% from the stock’s previous close.
Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Unilever in a research note on Thursday, September 24th. Sanford C. Bernstein restated a “buy” rating on shares of Unilever in a report on Wednesday, September 30th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Unilever in a report on Tuesday, July 28th. Zacks Research upgraded Unilever from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Morningstar lowered Unilever to a “hold” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $68.37.
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Unilever Stock Performance
Unilever (NYSE:UL – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($1.25). The firm had revenue of $14.62 billion during the quarter, compared to analyst estimates of $14.80 billion. Equities analysts forecast that Unilever will post 3.54 earnings per share for the current year.
Institutional Investors Weigh In On Unilever
Hedge funds and other institutional investors have recently modified their holdings of the company. Blake Schutter Theil Wealth Advisors LLC increased its holdings in Unilever by 3.2% in the first quarter. Blake Schutter Theil Wealth Advisors LLC now owns 5,754 shares of the company’s stock valued at $328,000 after buying an additional 180 shares during the last quarter. Capital Analysts LLC raised its stake in Unilever by 5.3% in the second quarter. Capital Analysts LLC now owns 3,748 shares of the company’s stock valued at $225,000 after buying an additional 187 shares in the last quarter. HBK Sorce Advisory LLC lifted its holdings in Unilever by 3.1% during the 2nd quarter. HBK Sorce Advisory LLC now owns 6,191 shares of the company’s stock worth $399,000 after buying an additional 187 shares during the last quarter. Cohen Investment Advisors LLC lifted its holdings in Unilever by 2.9% during the 1st quarter. Cohen Investment Advisors LLC now owns 6,753 shares of the company’s stock worth $385,000 after buying an additional 192 shares during the last quarter. Finally, Spinnaker Trust boosted its position in shares of Unilever by 2.6% during the 2nd quarter. Spinnaker Trust now owns 8,106 shares of the company’s stock worth $487,000 after acquiring an additional 207 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.
About Unilever
Unilever PLC is a global consumer goods company headquartered in London, England. It develops, manufactures and markets branded products across beauty and wellbeing, personal care, home care and nutrition. Its portfolio includes widely recognized brands such as Dove, Vaseline, Axe, Rexona, Cif, Domestos, Knorr, Hellmann’s and Magnum, although product availability varies by market.
The company’s products are sold through supermarkets, convenience stores, pharmacies, e-commerce platforms and other retail channels in countries around the world.
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