Unilever NV (NYSE:UN) – Research analysts at Jefferies Financial Group raised their FY2019 earnings per share estimates for shares of Unilever in a research note issued to investors on Monday, February 4th. Jefferies Financial Group analyst M. Deboo now anticipates that the company will post earnings per share of $2.91 for the year, up from their previous estimate of $2.84. Jefferies Financial Group also issued estimates for Unilever’s FY2020 earnings at $3.23 EPS and FY2021 earnings at $3.48 EPS.
A number of other brokerages have also commented on UN. Zacks Investment Research lowered Unilever from a “buy” rating to a “hold” rating and set a $62.00 price objective on the stock. in a report on Saturday. Societe Generale initiated coverage on Unilever in a research report on Tuesday, January 29th. They issued a “sell” rating for the company. UBS Group downgraded Unilever from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 8th. Finally, JPMorgan Chase & Co. cut Unilever from a “neutral” rating to an “underweight” rating in a research note on Sunday, December 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Unilever has an average rating of “Hold” and a consensus target price of $63.50.
UN stock opened at $55.61 on Wednesday. The company has a market cap of $93.66 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 3.19 and a beta of 0.62. Unilever has a 1-year low of $51.56 and a 1-year high of $58.72.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its holdings in Unilever by 516.5% in the third quarter. Bank of New York Mellon Corp now owns 808,729 shares of the company’s stock worth $44,924,000 after acquiring an additional 677,554 shares in the last quarter. Inverness Counsel LLC NY lifted its holdings in shares of Unilever by 761.0% in the fourth quarter. Inverness Counsel LLC NY now owns 552,816 shares of the company’s stock valued at $29,741,000 after purchasing an additional 488,608 shares in the last quarter. Capital World Investors bought a new position in shares of Unilever in the third quarter valued at approximately $15,904,000. Morgan Stanley lifted its holdings in shares of Unilever by 22.4% in the third quarter. Morgan Stanley now owns 1,428,750 shares of the company’s stock valued at $79,366,000 after purchasing an additional 261,737 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of Unilever by 3.2% in the third quarter. Fisher Asset Management LLC now owns 4,219,277 shares of the company’s stock valued at $234,381,000 after purchasing an additional 129,367 shares in the last quarter. 8.05% of the stock is owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, February 15th will be paid a dividend of $0.442 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $1.77 annualized dividend and a yield of 3.18%. This is a boost from Unilever’s previous quarterly dividend of $0.42. Unilever’s dividend payout ratio (DPR) is currently 60.47%.
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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