Unilever NV (NYSE:UN) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $65.00.
UN has been the subject of several research reports. Argus raised their price target on Unilever to $65.00 and gave the company an “average” rating in a report on Tuesday, August 21st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a research report on Wednesday, August 1st. Zacks Investment Research cut Unilever from a “hold” rating to a “sell” rating in a research report on Friday, October 5th. Deutsche Bank reiterated a “buy” rating on shares of Unilever in a research report on Friday, July 20th. Finally, Jefferies Financial Group cut Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd.
Unilever stock traded up $0.57 during mid-day trading on Thursday, hitting $54.35. 1,194,348 shares of the company’s stock traded hands, compared to its average volume of 1,365,674. Unilever has a fifty-two week low of $51.56 and a fifty-two week high of $58.76. The company has a market capitalization of $93.33 billion, a price-to-earnings ratio of 21.48, a P/E/G ratio of 3.59 and a beta of 0.83.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Friday, November 2nd will be given a dividend of $0.4487 per share. This represents a $1.79 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, November 1st. Unilever’s payout ratio is 60.87%.
A number of hedge funds have recently bought and sold shares of UN. Chevy Chase Trust Holdings Inc. bought a new position in Unilever during the 2nd quarter worth $34,778,000. Bank of America Corp DE increased its position in Unilever by 7.2% during the 2nd quarter. Bank of America Corp DE now owns 6,786,031 shares of the company’s stock worth $378,119,000 after buying an additional 457,890 shares during the period. Gofen & Glossberg LLC IL bought a new position in Unilever during the 2nd quarter worth $18,781,000. Bank of Montreal Can bought a new position in Unilever during the 2nd quarter worth $15,831,000. Finally, Fisher Asset Management LLC increased its position in Unilever by 4.0% during the 2nd quarter. Fisher Asset Management LLC now owns 4,089,910 shares of the company’s stock worth $227,890,000 after buying an additional 156,609 shares during the period. Hedge funds and other institutional investors own 8.36% of the company’s stock.
Unilever Company Profile
Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The company operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, Vaseline, Dermalogica, Murad, Dollar Shave Club, Zest & Camay, and Seventh Generation brands.
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