Unilever NV’s (NYSE:UN) Neutral Rating Reaffirmed at UBS AG

UBS AG reaffirmed their neutral rating on shares of Unilever NV (NYSE:UN) in a research note released on Monday, July 17th, www.boersen-zeitung.de reports.

A number of other analysts have also commented on UN. Zacks Investment Research lowered Unilever NV from a buy rating to a hold rating in a research note on Tuesday, May 23rd. BidaskClub lowered Unilever NV from a buy rating to a hold rating in a research note on Thursday, June 22nd. Barclays PLC raised Unilever NV from an equal weight rating to an overweight rating in a research note on Friday, March 24th. J P Morgan Chase & Co reissued a neutral rating on shares of Unilever NV in a research note on Tuesday, March 28th. Finally, Liberum Capital reissued a hold rating on shares of Unilever NV in a research note on Monday, March 27th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Unilever NV currently has an average rating of Buy and an average price target of $65.00.

Unilever NV (NYSE UN) opened at 58.21 on Monday. The company’s 50-day moving average is $56.32 and its 200 day moving average is $51.11. The firm has a market cap of $163.72 billion, a P/E ratio of 24.67 and a beta of 0.90. Unilever NV has a 12 month low of $38.41 and a 12 month high of $58.61.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th will be given a dividend of $0.352 per share. The ex-dividend date is Wednesday, August 2nd. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.42%.

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Unilever NV by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 730,087 shares of the company’s stock worth $29,977,000 after buying an additional 20,222 shares during the period. Renaissance Technologies LLC bought a new position in shares of Unilever NV during the fourth quarter worth about $9,263,000. Dodge & Cox bought a new position in shares of Unilever NV during the fourth quarter worth about $2,344,000. High Point Bank & Trust Co. increased its position in shares of Unilever NV by 3.9% in the fourth quarter. High Point Bank & Trust Co. now owns 2,525 shares of the company’s stock worth $104,000 after buying an additional 95 shares during the period. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of Unilever NV by 29.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 304,078 shares of the company’s stock worth $15,106,000 after buying an additional 70,066 shares during the period. Institutional investors own 9.19% of the company’s stock.

About Unilever NV

Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.