Credit Suisse Group reaffirmed their outperform rating on shares of Unilever (NYSE:UN) in a report issued on Monday morning, The Fly reports.
Several other research analysts also recently issued reports on the company. Barclays raised Unilever from an equal weight rating to an overweight rating in a research note on Friday, July 24th. UBS Group downgraded Unilever from a neutral rating to a sell rating in a research note on Monday, June 29th. DZ Bank downgraded Unilever from a buy rating to a hold rating in a research note on Tuesday, April 28th. Societe Generale raised Unilever from a sell rating to a buy rating in a research note on Tuesday, July 28th. Finally, Royal Bank of Canada reiterated an underperform rating on shares of Unilever in a research report on Monday, July 6th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $59.50.
NYSE:UN opened at $58.57 on Monday. The company has a market capitalization of $100.50 billion, a PE ratio of 20.48 and a beta of 0.54. The company has a quick ratio of 0.63, a current ratio of 0.86 and a debt-to-equity ratio of 1.32. Unilever has a 52-week low of $42.00 and a 52-week high of $63.62. The stock has a fifty day simple moving average of $56.52 and a 200-day simple moving average of $53.20.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 7th will be given a dividend of $0.4694 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Thursday, August 6th. This is a boost from Unilever’s previous quarterly dividend of $0.44. Unilever’s dividend payout ratio (DPR) is currently 64.34%.
A number of institutional investors and hedge funds have recently bought and sold shares of UN. Patriot Financial Group Insurance Agency LLC grew its holdings in Unilever by 1,445.9% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 572 shares of the company’s stock valued at $28,000 after buying an additional 535 shares during the period. Security National Trust Co. grew its holdings in Unilever by 318.8% in the 1st quarter. Security National Trust Co. now owns 578 shares of the company’s stock valued at $28,000 after buying an additional 440 shares during the period. Proffitt & Goodson Inc. purchased a new stake in Unilever in the 2nd quarter valued at about $34,000. CVA Family Office LLC purchased a new stake in Unilever in the 1st quarter valued at about $40,000. Finally, WASHINGTON TRUST Co purchased a new stake in Unilever in the 1st quarter valued at about $42,000. Institutional investors own 8.66% of the company’s stock.
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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