Shares of Unilever NV (NYSE:UN) have been given an average recommendation of “Hold” by the eleven research firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $65.00.
A number of research firms have weighed in on UN. Credit Suisse Group upgraded Unilever from a “neutral” rating to an “outperform” rating in a report on Friday, May 3rd. Zacks Investment Research lowered Unilever from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. DZ Bank lowered Unilever from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Barclays began coverage on Unilever in a report on Tuesday, April 9th. They set an “underweight” rating for the company. Finally, BNP Paribas lowered Unilever from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 27th.
Institutional investors and hedge funds have recently modified their holdings of the company. Gemmer Asset Management LLC lifted its holdings in shares of Unilever by 279.2% during the 1st quarter. Gemmer Asset Management LLC now owns 455 shares of the company’s stock valued at $27,000 after purchasing an additional 335 shares during the last quarter. C J Advisory Inc purchased a new stake in shares of Unilever during the 1st quarter valued at $27,000. Lenox Wealth Management Inc. lifted its holdings in shares of Unilever by 3,300.0% during the 4th quarter. Lenox Wealth Management Inc. now owns 476 shares of the company’s stock valued at $26,000 after purchasing an additional 462 shares during the last quarter. Mackey Komara & Dankovich LLC purchased a new stake in shares of Unilever during the 1st quarter valued at $29,000. Finally, JNBA Financial Advisors purchased a new stake in shares of Unilever during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 7.78% of the company’s stock.
Unilever stock opened at $60.63 on Monday. The firm has a market cap of $103.59 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 3.13 and a beta of 0.61. Unilever has a twelve month low of $52.08 and a twelve month high of $60.80.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.4641 per share. This represents a $1.86 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, May 2nd. This is a positive change from Unilever’s previous quarterly dividend of $0.44. Unilever’s dividend payout ratio is currently 57.04%.
Unilever Company Profile
Unilever N.V. operates in the fast-moving consumer goods industry worldwide. It operates in three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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