Unilever (UN) Shares Gap Down to $55.62

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Unilever NV (NYSE:UN)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $57.01, but opened at $55.62. Unilever shares last traded at $54.04, with a volume of 2279393 shares.

UN has been the topic of a number of recent research reports. Zacks Investment Research lowered Unilever from a “hold” rating to a “sell” rating in a research note on Friday, April 13th. Goldman Sachs Group upgraded Unilever from a “sell” rating to a “neutral” rating in a research note on Sunday, March 18th. UBS Group upgraded Unilever from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 28th. Argus upgraded Unilever from a “hold” rating to a “buy” rating in a research note on Friday, March 23rd. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $66.00.

The company has a market cap of $96.06 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 2.83 and a beta of 0.84.

The firm also recently declared a special dividend, which was paid on Wednesday, June 6th. Stockholders of record on Friday, May 4th were paid a $0.4789 dividend. The ex-dividend date was Thursday, May 3rd. Unilever’s payout ratio is 64.43%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Summit Trail Advisors LLC boosted its holdings in shares of Unilever by 5,823.6% during the 1st quarter. Summit Trail Advisors LLC now owns 1,702,254 shares of the company’s stock valued at $1,702,000 after acquiring an additional 1,673,517 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Unilever during the 4th quarter valued at $39,804,000. BlackRock Inc. boosted its holdings in shares of Unilever by 12.4% during the 1st quarter. BlackRock Inc. now owns 6,373,873 shares of the company’s stock valued at $359,422,000 after acquiring an additional 705,022 shares in the last quarter. Aristotle Capital Management LLC boosted its holdings in shares of Unilever by 8.0% during the 4th quarter. Aristotle Capital Management LLC now owns 5,271,121 shares of the company’s stock valued at $296,869,000 after acquiring an additional 391,603 shares in the last quarter. Finally, Thornburg Investment Management Inc. boosted its holdings in shares of Unilever by 126.4% during the 1st quarter. Thornburg Investment Management Inc. now owns 636,359 shares of the company’s stock valued at $35,884,000 after acquiring an additional 355,268 shares in the last quarter. Institutional investors own 8.54% of the company’s stock.

Unilever Company Profile

Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The company operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, Vaseline, Dermalogica, Murad, Dollar Shave Club, Zest & Camay, and Seventh Generation brands.

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