Shares of Unilever NV (NYSE:UN) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $58.75 and last traded at $58.70, with a volume of 703,004 shares changing hands. The stock had previously closed at $58.57.
A number of analysts have issued reports on UN shares. Zacks Investment Research lowered Unilever NV from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. BidaskClub raised Unilever NV from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, UBS AG reaffirmed a “neutral” rating on shares of Unilever NV in a report on Monday, July 17th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.00.
The firm has a 50 day moving average of $56.56 and a 200 day moving average of $51.26. The stock has a market cap of $164.93 billion, a P/E ratio of 24.46 and a beta of 0.90.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th will be paid a $0.352 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Wednesday, August 2nd.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Boyd Watterson Asset Management LLC OH boosted its position in shares of Unilever NV by 0.3% in the second quarter. Boyd Watterson Asset Management LLC OH now owns 4,416 shares of the company’s stock worth $244,000 after buying an additional 13 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Unilever NV by 0.5% in the first quarter. Parkside Financial Bank & Trust now owns 7,675 shares of the company’s stock worth $381,000 after buying an additional 40 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of Unilever NV by 0.4% in the second quarter. CENTRAL TRUST Co now owns 11,665 shares of the company’s stock worth $645,000 after buying an additional 44 shares during the last quarter. Sabal Trust CO boosted its position in shares of Unilever NV by 0.9% in the second quarter. Sabal Trust CO now owns 5,405 shares of the company’s stock worth $299,000 after buying an additional 50 shares during the last quarter. Finally, iAB Financial Bank boosted its position in shares of Unilever NV by 0.7% in the second quarter. iAB Financial Bank now owns 6,850 shares of the company’s stock worth $379,000 after buying an additional 50 shares during the last quarter. Institutional investors own 9.16% of the company’s stock.
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Unilever NV Company Profile
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.
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