Unilever (UN) Receives Buy Rating from JPMorgan Chase & Co.
Unilever (NYSE:UN)‘s stock had its “buy” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a report released on Thursday.
A number of other brokerages have also recently issued reports on UN. Zacks Investment Research cut shares of Unilever from a “hold” rating to a “sell” rating in a research note on Wednesday, September 7th. Sanford C. Bernstein restated an “outperform” rating on shares of Unilever in a research report on Monday, August 22nd. Citigroup Inc. upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 31st. RBC Capital Markets lowered shares of Unilever from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. Finally, Royal Bank Of Canada lowered shares of Unilever from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Unilever presently has a consensus rating of “Hold” and an average price target of $41.00.
Unilever (NYSE:UN) traded up 2.71% during trading on Thursday, hitting $46.64. 627,013 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $46.10 and a 200 day moving average price of $45.27. The company has a market cap of $132.40 billion, a price-to-earnings ratio of 24.03 and a beta of 0.76. Unilever has a 52-week low of $37.92 and a 52-week high of $48.00.
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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Friday, August 5th were given a dividend of $0.3531 per share. The ex-dividend date was Wednesday, August 3rd. This represents a $1.41 annualized dividend and a yield of 3.11%. This is a positive change from Unilever’s previous quarterly dividend of $0.34.
A number of institutional investors have recently added to or reduced their stakes in UN. Fisher Asset Management LLC raised its stake in Unilever by 9.6% in the first quarter. Fisher Asset Management LLC now owns 6,350 shares of the company’s stock valued at $290,000 after buying an additional 556 shares during the period. Apex Capital Management purchased a new stake in Unilever during the first quarter valued at about $739,000. Commonwealth Equity Services Inc raised its stake in Unilever by 16.0% in the first quarter. Commonwealth Equity Services Inc now owns 38,636 shares of the company’s stock valued at $1,726,000 after buying an additional 5,320 shares during the period. Buffington Mohr McNeal purchased a new stake in Unilever during the first quarter valued at about $578,000. Finally, Thomas White International Ltd. raised its stake in Unilever by 1,990.5% in the first quarter. Thomas White International Ltd. now owns 347,798 shares of the company’s stock valued at $15,540,000 after buying an additional 331,161 shares during the period.
Unilever N.V. is a fast moving consumer goods company. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. Its Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products. Its Foods segment includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads.
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