Weiss Ratings Reaffirms “Buy (B)” Rating for Unilever (NYSE:UL)

Unilever (NYSE:UL)‘s stock had its “buy (b)” rating reissued by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts also recently weighed in on the stock. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Zacks Research raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. Finally, CICC Research initiated coverage on shares of Unilever in a research note on Thursday, August 21st. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.00.

Unilever Stock Up 0.5%

UL opened at $58.94 on Wednesday. The stock has a fifty day moving average of $61.44 and a 200-day moving average of $61.59. The firm has a market capitalization of $144.62 billion, a P/E ratio of 16.89, a PEG ratio of 4.26 and a beta of 0.40. Unilever has a 12-month low of $54.32 and a 12-month high of $65.66.

Institutional Investors Weigh In On Unilever

Several hedge funds have recently made changes to their positions in UL. Wellington Management Group LLP lifted its stake in Unilever by 13.9% during the first quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock worth $1,673,381,000 after purchasing an additional 3,421,054 shares during the period. Norges Bank acquired a new position in shares of Unilever in the 2nd quarter worth approximately $144,979,000. Fisher Asset Management LLC boosted its stake in Unilever by 10.2% in the second quarter. Fisher Asset Management LLC now owns 21,578,648 shares of the company’s stock worth $1,319,966,000 after purchasing an additional 1,989,631 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Unilever by 78.8% in the second quarter. Corient Private Wealth LLC now owns 1,933,422 shares of the company’s stock worth $118,261,000 after purchasing an additional 852,099 shares in the last quarter. Finally, Clark Capital Management Group Inc. acquired a new position in Unilever in the first quarter worth $45,413,000. 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.