Unilever (UN) Rating Lowered to Hold at DZ Bank

DZ Bank downgraded shares of Unilever (NYSE:UN) from a buy rating to a hold rating in a report published on Thursday, BenzingaRatingsTable reports.

A number of other equities analysts have also commented on the stock. Barclays began coverage on shares of Unilever in a report on Tuesday, April 9th. They set an underweight rating on the stock. BNP Paribas lowered shares of Unilever from an outperform rating to a neutral rating in a report on Wednesday, February 27th. Zacks Investment Research lowered shares of Unilever from a buy rating to a hold rating and set a $62.00 price target on the stock. in a report on Saturday, February 2nd. Societe Generale began coverage on shares of Unilever in a report on Tuesday, January 29th. They set a sell rating on the stock. Finally, UBS Group lowered shares of Unilever from a buy rating to a neutral rating in a report on Tuesday, January 8th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Unilever has an average rating of Hold and an average target price of $63.50.

Shares of NYSE:UN opened at $59.26 on Thursday. The firm has a market cap of $101.61 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 3.05 and a beta of 0.61. Unilever has a 52 week low of $52.08 and a 52 week high of $59.33.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Friday, May 3rd will be paid a dividend of $0.4641 per share. This represents a $1.86 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, May 2nd. This is an increase from Unilever’s previous quarterly dividend of $0.44. Unilever’s dividend payout ratio (DPR) is currently 63.90%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Gemmer Asset Management LLC raised its stake in Unilever by 279.2% during the first quarter. Gemmer Asset Management LLC now owns 455 shares of the company’s stock worth $27,000 after buying an additional 335 shares during the last quarter. C J Advisory Inc bought a new position in Unilever during the first quarter worth $27,000. Lenox Wealth Management Inc. raised its stake in Unilever by 3,300.0% during the fourth quarter. Lenox Wealth Management Inc. now owns 476 shares of the company’s stock worth $26,000 after buying an additional 462 shares during the last quarter. JNBA Financial Advisors bought a new position in Unilever during the fourth quarter worth $27,000. Finally, Pin Oak Investment Advisors Inc. raised its stake in Unilever by 129.3% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 532 shares of the company’s stock worth $29,000 after buying an additional 300 shares during the last quarter. 7.93% of the stock is owned by institutional investors and hedge funds.

Unilever Company Profile

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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Analyst Recommendations for Unilever (NYSE:UN)

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