Unilever (UN) Shares Gap Up to $45.32
Unilever (NYSE:UN) shares gapped up prior to trading on Tuesday . The stock had previously closed at $45.26, but opened at $45.32. Unilever shares last traded at $45.92, with a volume of 1,476,025 shares trading hands.
UN has been the topic of a number of research analyst reports. Deutsche Bank AG reiterated a “buy” rating on shares of Unilever in a research note on Friday, April 22nd. Zacks Investment Research cut shares of Unilever from a “hold” rating to a “sell” rating in a research note on Thursday, July 21st. Numis Securities Ltd cut shares of Unilever from an “add” rating to a “hold” rating in a research note on Monday, April 18th. Royal Bank Of Canada cut shares of Unilever from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. Finally, RBC Capital Markets cut shares of Unilever from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. Three 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 currently has a consensus rating of “Hold” and an average target price of $40.50.
The firm has a 50 day moving average price of $45.83 and a 200-day moving average price of $44.63. The stock has a market cap of $132.37 billion and a price-to-earnings ratio of 24.21.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 7th. Shareholders of record on Friday, August 5th will be paid a dividend of $0.3531 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, August 3rd. This represents a $1.41 dividend on an annualized basis and a yield of 3.08%.
A hedge fund recently raised its stake in Unilever stock. Stephens Inc. AR increased its position in shares of Unilever (NYSE:UN) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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.