Unilever (UN) Hits New 12-Month High at $61.34

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Unilever NV (NYSE:UN) shares reached a new 52-week high during trading on Friday . The company traded as high as $61.34 and last traded at $61.33, with a volume of 40465 shares changing hands. The stock had previously closed at $60.47.

A number of research firms have recently commented on UN. Zacks Investment Research downgraded Unilever from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Credit Suisse Group upgraded Unilever from a “neutral” rating to an “outperform” rating in a research report on Friday, May 3rd. DZ Bank downgraded Unilever from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. BNP Paribas downgraded Unilever from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. Finally, Barclays began coverage on Unilever in a research report on Tuesday, April 9th. They set an “underweight” rating for the company. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Unilever has a consensus rating of “Hold” and an average target price of $63.50.

The stock has a market cap of $102.99 billion, a P/E ratio of 22.09, a P/E/G ratio of 2.54 and a beta of 0.61.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Friday, May 3rd will be given a dividend of $0.4641 per share. This is an increase from Unilever’s previous quarterly dividend of $0.44. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Thursday, May 2nd. Unilever’s dividend payout ratio is currently 57.04%.

A number of large investors have recently added to or reduced their stakes in UN. Ronna Sue Cohen raised its holdings in Unilever by 5,374.5% during the 1st quarter. Ronna Sue Cohen now owns 2,845,893 shares of the company’s stock valued at $2,846,000 after buying an additional 2,793,908 shares during the period. Boston Partners purchased a new stake in Unilever during the 1st quarter valued at $30,100,000. Inverness Counsel LLC NY raised its holdings in Unilever by 761.0% during the 4th quarter. Inverness Counsel LLC NY now owns 552,816 shares of the company’s stock valued at $29,741,000 after buying an additional 488,608 shares during the period. Renaissance Technologies LLC raised its holdings in Unilever by 417.6% during the 1st quarter. Renaissance Technologies LLC now owns 586,200 shares of the company’s stock valued at $34,170,000 after buying an additional 472,937 shares during the period. Finally, Osterweis Capital Management Inc. purchased a new stake in Unilever during the 1st quarter valued at $24,922,000. Institutional investors own 7.62% of the company’s stock.

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Unilever Company Profile (NYSE:UN)

Unilever N.V. operates in the fast-moving consumer goods industry worldwide. It operates in three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.

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