Unilever (UN) Shares Gap Up to $45.32
Unilever (NYSE:UN) gapped up before the market opened on Tuesday . The stock had previously closed at $45.26, but opened at $45.32. Unilever shares last traded at $45.92, with a volume of 1,476,025 shares.
A number of equities research analysts have weighed in on UN shares. Deutsche Bank AG reiterated a “buy” rating on shares of Unilever in a research note on Friday, April 22nd. Zacks Investment Research downgraded shares of Unilever from a “hold” rating to a “sell” rating in a research note on Thursday, July 21st. Numis Securities Ltd cut Unilever from an “add” rating to a “hold” rating in a report on Monday, April 18th. Royal Bank Of Canada cut Unilever from an “outperform” rating to a “sector perform” rating in a report on Friday, July 22nd. Finally, RBC Capital Markets cut Unilever from an “outperform” rating to a “sector perform” rating in a report on Friday, July 22nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.50.
The stock’s 50-day moving average price is $45.81 and its 200-day moving average price is $44.62. The firm has a market capitalization of $130.13 billion and a price-to-earnings ratio of 23.80.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 7th. Investors of record on Friday, August 5th will be paid a $0.3531 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Wednesday, August 3rd. This is a boost from Unilever’s previous quarterly dividend of $0.34.
A number of large investors have bought and sold shares of the stock. Morgan Stanley boosted its stake in Unilever by 8.5% in the fourth quarter. Morgan Stanley now owns 1,389,647 shares of the company’s stock worth $60,199,000 after buying an additional 108,771 shares during the period. Veritable L.P. raised its position in shares of Unilever by 2.2% in the fourth quarter. Veritable L.P. now owns 128,663 shares of the company’s stock worth $5,574,000 after buying an additional 2,724 shares in the last quarter. First Trust Advisors LP raised its position in shares of Unilever by 287.5% in the fourth quarter. First Trust Advisors LP now owns 45,458 shares of the company’s stock worth $1,969,000 after buying an additional 33,727 shares in the last quarter. Finally, Stephens Inc. AR raised its position in shares of Unilever by 2.7% in the fourth quarter. Stephens Inc. AR now owns 35,319 shares of the company’s stock worth $1,530,000 after buying an additional 929 shares in the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.