Unilever (UN) Sees Strong Trading Volume
Unilever (NYSE:UN) shares saw an uptick in trading volume on Monday . 1,683,454 shares were traded during mid-day 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 have commented on UN. Zacks Investment Research lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Thursday, June 16th. RBC Capital Markets lowered shares of Unilever from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. 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. Finally, Deutsche Bank AG restated a “buy” rating on shares of Unilever in a research report on Friday, April 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $40.50.
The stock has a 50-day moving average price of $46.03 and a 200 day moving average price of $44.73. The company has a market cap of $132.12 billion and a P/E ratio of 24.05.
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 given a dividend of $0.3531 per share. This represents a $1.41 dividend on an annualized basis and a yield of 3.04%. This is a boost from Unilever’s previous quarterly dividend of $0.34. The ex-dividend date is Wednesday, August 3rd.
A hedge fund recently raised its stake in Unilever stock. First Trust Advisors LP raised its position in Unilever (NYSE:UN) by 287.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,458 shares of the company’s stock after buying an additional 33,727 shares during the period. First Trust Advisors LP’s holdings in Unilever were worth $1,969,000 at the end of the most recent reporting 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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