Zacks Investment Research upgraded shares of Unilever (NYSE:UL) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

According to Zacks, “Unilever plc is engaged in manufacturing of branded and packaged consumer goods, including food, detergents and personal care products. The Company also has interests in specialty chemicals. Unilever sells its products internationally. “

Separately, JPMorgan Chase & Co. reissued a neutral rating on shares of Unilever in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $63.00.

Unilever opened at $55.28 on Tuesday, according to Marketbeat.com. The company has a market cap of $67.94 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 3.00 and a beta of 0.81. Unilever has a one year low of $50.74 and a one year high of $60.13.

The company also recently disclosed a special dividend, which will be paid on Wednesday, June 6th. Investors of record on Friday, May 4th will be paid a $0.4789 dividend. The ex-dividend date is Thursday, May 3rd. This represents a yield of 3.3%. This is a boost from Unilever’s previous special dividend of $0.39. Unilever’s dividend payout ratio is 75.10%.

Large investors have recently made changes to their positions in the stock. Rockefeller Financial Services Inc. grew its stake in Unilever by 2.2% in the fourth quarter. Rockefeller Financial Services Inc. now owns 242,982 shares of the company’s stock worth $13,447,000 after purchasing an additional 5,243 shares in the last quarter. California Public Employees Retirement System bought a new position in Unilever in the fourth quarter worth approximately $79,468,000. Destination Wealth Management grew its stake in Unilever by 6.6% in the fourth quarter. Destination Wealth Management now owns 93,048 shares of the company’s stock worth $5,149,000 after purchasing an additional 5,732 shares in the last quarter. Lourd Capital LLC bought a new position in Unilever in the fourth quarter worth approximately $223,000. Finally, Elefante Mark B grew its stake in Unilever by 38.3% in the fourth quarter. Elefante Mark B now owns 11,780 shares of the company’s stock worth $653,000 after purchasing an additional 3,260 shares in the last quarter. 7.06% of the stock is currently owned by institutional investors.

About Unilever

Unilever PLC operates in the fast-moving consumer goods industry worldwide. It operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skin care and hair care products, deodorants, and oral care products. The Home Care segment provides home care products, including powders, liquids and capsules, soap bars, and various cleaning products.

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Analyst Recommendations for Unilever (NYSE:UL)

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