JPMorgan Chase & Co. reiterated their buy rating on shares of Unilever (NYSE:UN) in a research report sent to investors on Thursday morning.

Analyst Recommendations for Unilever (NYSE:UN)

A number of other research firms also recently weighed in on UN. Zacks Investment Research raised Unilever from a hold rating to a buy rating and set a $51.00 target price for the company in a report on Tuesday. Sanford C. Bernstein reaffirmed an outperform rating on shares of Unilever in a research note on Monday, August 22nd. RBC Capital Markets downgraded Unilever from an outperform rating to a sector perform rating in a research note on Friday, July 22nd. Royal Bank Of Canada downgraded Unilever from an outperform rating to a sector perform rating in a research note on Friday, July 22nd. Finally, Citigroup Inc. raised Unilever from a neutral rating to a buy rating in a research note on Wednesday, August 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $41.00.

Unilever (NYSE:UN) traded down 0.45% on Thursday, reaching $46.23. 421,410 shares of the company’s stock were exchanged. Unilever has a 52 week low of $38.75 and a 52 week high of $48.00. The stock’s 50 day moving average is $46.15 and its 200 day moving average is $45.28. The company has a market cap of $131.24 billion, a price-to-earnings ratio of 23.77 and a beta of 0.76.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Friday, August 5th were given a $0.3531 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Wednesday, August 3rd. This is a boost from Unilever’s previous quarterly dividend of $0.34.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Farm Mutual Automobile Insurance Co. boosted its stake in Unilever by 2.1% in the second quarter. State Farm Mutual Automobile Insurance Co. now owns 7,618,251 shares of the company’s stock valued at $357,600,000 after buying an additional 160,072 shares during the period. Aristotle Capital Management LLC boosted its stake in Unilever by 2.5% in the second quarter. Aristotle Capital Management LLC now owns 4,626,876 shares of the company’s stock valued at $217,186,000 after buying an additional 110,933 shares during the period. BlackRock Advisors LLC boosted its stake in Unilever by 207.4% in the second quarter. BlackRock Advisors LLC now owns 3,818,986 shares of the company’s stock valued at $179,264,000 after buying an additional 2,576,658 shares during the period. BlackRock Investment Management LLC boosted its stake in Unilever by 90.7% in the second quarter. BlackRock Investment Management LLC now owns 2,551,010 shares of the company’s stock valued at $119,744,000 after buying an additional 1,213,490 shares during the period. Finally, Cooke & Bieler LP boosted its stake in Unilever by 25.3% in the second quarter. Cooke & Bieler LP now owns 1,516,971 shares of the company’s stock valued at $71,206,000 after buying an additional 306,685 shares during the period.

Unilever Company Profile

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.

5 Day Chart for NYSE:UN

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