Unilever (UN) Sees Strong Trading Volume
Unilever (NYSE:UN) saw unusually-high trading volume on Wednesday . Approximately 1,319,291 shares were traded 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 analyst reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of Unilever in a research report on Monday. Zacks Investment Research downgraded Unilever from a “hold” rating to a “sell” rating in a research report on Thursday, July 21st. RBC Capital Markets downgraded Unilever from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. Finally, Royal Bank Of Canada downgraded Unilever from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.50.
The stock has a 50 day moving average of $46.10 and a 200-day moving average of $44.86. The firm has a market capitalization of $132.09 billion and a P/E ratio of 23.70.
The company also recently declared 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 represents a $1.41 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Wednesday, August 3rd. This is a positive change from Unilever’s previous quarterly dividend of $0.34.
A hedge fund recently raised its stake in Unilever stock. Stephens Inc. AR boosted its position in Unilever (NYSE:UN) by 2.7% during the fourth quarter, according to its most recent 13F filing with the SEC. 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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