Unilever (NYSE:UL) Sets New 52-Week High at $54.49

Unilever PLC (NYSE:ULGet Free Report) hit a new 52-week high on Wednesday . The company traded as high as $54.49 and last traded at $54.41, with a volume of 867533 shares trading hands. The stock had previously closed at $54.04.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UL. Morgan Stanley lowered Unilever from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $52.00 to $48.00 in a research note on Tuesday, February 27th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Argus raised their price objective on Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Unilever presently has an average rating of “Hold” and a consensus price target of $54.00.

Get Our Latest Analysis on Unilever

Unilever Trading Up 0.8 %

The business has a fifty day simple moving average of $49.75 and a 200 day simple moving average of $48.95.

Unilever Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.4556 per share. This represents a $1.82 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Thursday, May 16th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Marino Stram & Associates LLC lifted its holdings in shares of Unilever by 2.2% in the 4th quarter. Marino Stram & Associates LLC now owns 9,963 shares of the company’s stock worth $483,000 after purchasing an additional 215 shares during the last quarter. Pine Haven Investment Counsel Inc lifted its holdings in shares of Unilever by 3.7% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 6,133 shares of the company’s stock worth $297,000 after purchasing an additional 216 shares during the last quarter. Avidian Wealth Solutions LLC lifted its holdings in shares of Unilever by 1.0% in the 4th quarter. Avidian Wealth Solutions LLC now owns 21,616 shares of the company’s stock worth $1,048,000 after purchasing an additional 216 shares during the last quarter. Baystate Wealth Management LLC lifted its holdings in shares of Unilever by 29.9% in the 4th quarter. Baystate Wealth Management LLC now owns 948 shares of the company’s stock worth $46,000 after purchasing an additional 218 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of Unilever by 1.1% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 19,932 shares of the company’s stock worth $985,000 after purchasing an additional 221 shares during the last quarter. Institutional investors own 9.67% of the company’s stock.

About Unilever

(Get Free Report)

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.

Further Reading

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