Unilever (UN) Sees Large Volume Increase
Unilever (NYSE:UN) shares saw unusually-high trading volume on Wednesday . Approximately 1,319,291 shares traded hands during trading, a decline of 9% from the previous session’s volume of 1,457,780 shares.The stock last traded at $46.09 and had previously closed at $46.34.
UN has been the topic of a number of research reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Unilever in a research note on Monday. Zacks Investment Research downgraded Unilever from a “hold” rating to a “sell” rating in a research note on Thursday, July 21st. Royal Bank Of Canada downgraded Unilever from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. Finally, RBC Capital Markets downgraded Unilever from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.50.
The company’s 50 day moving average price is $46.10 and its 200 day moving average price is $44.85. The firm has a market capitalization of $130.67 billion and a P/E ratio of 23.84.
The company also recently announced 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 is a positive change from Unilever’s previous quarterly dividend of $0.34. This represents a $1.41 annualized dividend and a yield of 3.07%. The ex-dividend date is Wednesday, August 3rd.
A hedge fund recently raised its stake in Unilever stock. Stephens Inc. AR boosted its stake in Unilever (NYSE:UN) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 filing with the SEC.
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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