Unilever NV (UN) Receives Average Recommendation of “Buy” from Analysts
Shares of Unilever NV (NYSE:UN) have been given an average recommendation of “Buy” by the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $65.00.
Several research analysts recently weighed in on UN shares. BidaskClub cut shares of Unilever NV from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research upgraded shares of Unilever NV from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a report on Tuesday, June 6th. Finally, UBS AG restated a “neutral” rating on shares of Unilever NV in a report on Monday, July 17th.
A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Unilever NV by 416,585.0% in the first quarter. BlackRock Inc. now owns 9,167,071 shares of the company’s stock valued at $455,420,000 after buying an additional 9,164,871 shares in the last quarter. FMR LLC raised its stake in shares of Unilever NV by 297.2% in the first quarter. FMR LLC now owns 11,804,556 shares of the company’s stock valued at $586,450,000 after buying an additional 8,832,563 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Unilever NV by 22.6% in the first quarter. Wellington Management Group LLP now owns 21,933,059 shares of the company’s stock valued at $1,089,635,000 after buying an additional 4,042,634 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Unilever NV by 9,088.7% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,411,193 shares of the company’s stock valued at $70,208,000 after buying an additional 1,395,835 shares in the last quarter. Finally, United States Steel & Carnegie Pension Fund bought a new stake in shares of Unilever NV during the first quarter valued at approximately $42,782,000. 9.16% of the stock is currently owned by institutional investors and hedge funds.
Unilever NV (UN) traded up 0.09% on Tuesday, reaching $58.57. 788,801 shares of the company’s stock traded hands. Unilever NV has a 52-week low of $38.41 and a 52-week high of $58.65. The company’s 50 day moving average is $56.56 and its 200-day moving average is $51.26. The stock has a market cap of $164.73 billion, a price-to-earnings ratio of 24.82 and a beta of 0.90.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Friday, August 4th will be given a $0.352 dividend. This represents a $1.41 annualized dividend and a yield of 2.40%. The ex-dividend date is Wednesday, August 2nd.
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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