J P Morgan Chase & Co Reaffirms “Neutral” Rating for Unilever NV (UN)
Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Unilever NV from a buy rating to a hold rating in a research note on Tuesday, May 23rd. UBS AG reiterated a neutral rating on shares of Unilever NV in a research note on Monday, July 17th. BidaskClub upgraded shares of Unilever NV from a hold rating to a buy rating in a research note on Thursday, July 13th. Finally, Royal Bank Of Canada lowered shares of Unilever NV from a sector perform rating to an underperform rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Unilever NV presently has a consensus rating of Buy and a consensus price target of $65.00.
Unilever NV (NYSE:UN) traded up 0.23% during midday trading on Thursday, hitting $60.61. 1,243,189 shares of the stock were exchanged. The firm’s 50-day moving average is $58.75 and its 200 day moving average is $54.25. The stock has a market cap of $170.47 billion, a price-to-earnings ratio of 25.50 and a beta of 0.90. Unilever NV has a 52 week low of $38.41 and a 52 week high of $60.69.
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The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Friday, August 4th were given a dividend of $0.352 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Wednesday, August 2nd.
A number of institutional investors and hedge funds have recently bought and sold shares of UN. Pinnacle Financial Partners Inc. acquired a new stake in Unilever NV in the 2nd quarter valued at about $127,000. SRS Capital Advisors Inc. boosted its stake in Unilever NV by 10.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,694 shares of the company’s stock worth $133,000 after acquiring an additional 264 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in Unilever NV by 503.0% during the 1st quarter. Proficio Capital Partners LLC now owns 2,647 shares of the company’s stock worth $148,000 after acquiring an additional 2,208 shares during the last quarter. Bollard Group LLC boosted its stake in Unilever NV by 16.2% during the 2nd quarter. Bollard Group LLC now owns 3,485 shares of the company’s stock worth $193,000 after acquiring an additional 487 shares during the last quarter. Finally, Park National Corp OH bought a new position in Unilever NV during the 2nd quarter worth approximately $200,000. Hedge funds and other institutional investors own 8.98% of the company’s stock.
About Unilever NV
Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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