Unilever (UL) Hits New 52-Week High at $59.13

Shares of Unilever N.V. (NYSE:UL) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $59.13 and last traded at $58.73, with a volume of 93198 shares traded. The stock had previously closed at $57.44.

Several analysts have issued reports on UL shares. UBS Group lowered Unilever from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 8th. Zacks Investment Research raised Unilever from a “sell” rating to a “hold” rating in a research note on Friday, January 11th. JPMorgan Chase & Co. reissued a “sell” rating on shares of Unilever in a research note on Wednesday, January 30th. BNP Paribas lowered Unilever from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 27th. Finally, Exane BNP Paribas lowered Unilever from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. Unilever currently has an average rating of “Hold” and an average price target of $66.00.

The company has a market cap of $68.72 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 3.31 and a beta of 0.63.

Several large investors have recently added to or reduced their stakes in UL. Bank of New York Mellon Corp boosted its stake in shares of Unilever by 34,001.1% during the third quarter. Bank of New York Mellon Corp now owns 363,518 shares of the company’s stock valued at $19,984,000 after purchasing an additional 362,452 shares during the period. OLD Mission Capital LLC purchased a new stake in shares of Unilever during the fourth quarter valued at approximately $12,597,000. Edge Capital Group LLC purchased a new stake in shares of Unilever during the fourth quarter valued at approximately $8,531,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Unilever during the fourth quarter valued at approximately $8,021,000. Finally, Two Sigma Investments LP purchased a new stake in Unilever in the fourth quarter worth $5,672,000. 6.44% of the stock is owned by hedge funds and other institutional investors.

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About Unilever (NYSE:UL)

Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.

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