Unilever (NYSE:UL) Rating Lowered to Hold at StockNews.com

Unilever (NYSE:UL) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Separately, Morgan Stanley downgraded shares of Unilever from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Unilever presently has an average rating of “Hold” and a consensus target price of $48.00.

Unilever Price Performance

Shares of NYSE:UL opened at $48.08 on Tuesday. The firm has a fifty day moving average price of $49.08 and a two-hundred day moving average price of $48.52. Unilever has a one year low of $46.16 and a one year high of $55.99.

Hedge Funds Weigh In On Unilever

Several hedge funds and other institutional investors have recently modified their holdings of UL. Norges Bank bought a new position in shares of Unilever in the fourth quarter worth approximately $151,263,000. Envestnet Asset Management Inc. lifted its stake in shares of Unilever by 35.3% in the third quarter. Envestnet Asset Management Inc. now owns 4,748,095 shares of the company’s stock worth $234,556,000 after buying an additional 1,238,734 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Unilever by 3.3% in the fourth quarter. Wellington Management Group LLP now owns 34,494,131 shares of the company’s stock worth $1,672,275,000 after buying an additional 1,114,417 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Unilever by 9.8% in the fourth quarter. Fisher Asset Management LLC now owns 10,843,977 shares of the company’s stock worth $525,716,000 after buying an additional 965,173 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its stake in shares of Unilever by 121.3% in the fourth quarter. Corient Private Wealth LLC now owns 1,352,472 shares of the company’s stock worth $65,568,000 after buying an additional 741,363 shares in the last quarter. Hedge funds and other institutional investors own 9.67% of the company’s stock.

About Unilever

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.