Unilever (UN) Sees Strong Trading Volume
Unilever (NYSE:UN) saw an uptick in trading volume on Monday . 1,683,454 shares were traded during trading, an increase of 6% from the previous session’s volume of 1,589,813 shares.The stock last traded at $46.54 and had previously closed at $46.49.
A number of research firms recently commented on UN. Zacks Investment Research cut shares of Unilever from a “buy” rating to a “hold” rating in a research report on Thursday, June 16th. RBC Capital Markets cut shares of Unilever from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. Royal Bank Of Canada cut shares of Unilever from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. Numis Securities Ltd reissued a “hold” rating on shares of Unilever in a research report on Monday, April 18th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Unilever in a research report on Friday, April 22nd. Two research 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 company has an average rating of “Hold” and a consensus target price of $40.50.
The stock’s 50-day moving average price is $45.94 and its 200 day moving average price is $44.71. The company has a market cap of $131.83 billion and a price-to-earnings ratio of 24.21.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 7th. Investors of record on Friday, August 5th will be issued a $0.3531 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Wednesday, August 3rd. This is a positive change from Unilever’s previous quarterly dividend of $0.34.
An institutional investor recently raised its position in Unilever stock. Stephens Inc. AR raised its position in shares of Unilever (NYSE:UN) by 2.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,319 shares of the company’s stock after buying an additional 929 shares during the period. Stephens Inc. AR’s holdings in Unilever were worth $1,530,000 as of its most recent SEC filing.
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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