Unilever NV (NYSE:UN) – Stock analysts at Jefferies Group dropped their FY2018 EPS estimates for shares of Unilever in a note issued to investors on Monday. Jefferies Group analyst M. Deboo now expects that the company will post earnings of $2.84 per share for the year, down from their previous estimate of $2.88. Jefferies Group also issued estimates for Unilever’s FY2019 earnings at $3.14 EPS and FY2020 earnings at $3.61 EPS.
Other equities research analysts also recently issued research reports about the stock. Investec raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Monday, January 29th. ABN Amro raised shares of Unilever from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised shares of Unilever from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Unilever in a research report on Monday, December 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $66.00.
Institutional investors have recently bought and sold shares of the business. SeaCrest Wealth Management LLC acquired a new position in Unilever during the 4th quarter valued at about $113,000. Arthur M. Cohen & Associates LLC acquired a new stake in shares of Unilever in the 4th quarter worth approximately $186,000. Ledyard National Bank acquired a new stake in shares of Unilever in the 4th quarter worth approximately $192,000. Ballentine Partners LLC acquired a new stake in shares of Unilever in the 4th quarter worth approximately $204,000. Finally, Bath Savings Trust Co acquired a new stake in shares of Unilever in the 3rd quarter worth approximately $207,000. 8.89% of the stock is owned by hedge funds and other institutional investors.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Friday, February 16th will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Thursday, February 15th. This is an increase from Unilever’s previous quarterly dividend of $0.35.
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Unilever Company Profile
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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