Unilever (UN) Sees Large Volume Increase
Unilever (NYSE:UN) saw strong trading volume on Monday . 2,495,600 shares traded hands during mid-day trading, an increase of 77% from the previous session’s volume of 1,411,378 shares.The stock last traded at $47.88 and had previously closed at $46.38.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Thursday, June 16th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Unilever in a research report on Monday, August 22nd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Unilever in a research report on Thursday. Citigroup Inc. raised shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 31st. Finally, RBC Capital Markets downgraded shares of Unilever from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $40.50.
The company’s 50 day moving average is $46.13 and its 200 day moving average is $45.02. The firm has a market capitalization of $135.92 billion and a price-to-earnings ratio of 24.58.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 7th. Stockholders of record on Friday, August 5th will be given a dividend of $0.3531 per share. The ex-dividend date is Wednesday, August 3rd. This is a positive change from Unilever’s previous quarterly dividend of $0.34. This represents a $1.41 annualized dividend and a dividend yield of 2.95%.
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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