Unilever (NYSE:UN) Receives “Underperform” Rating from Royal Bank of Canada

Royal Bank of Canada restated their underperform rating on shares of Unilever (NYSE:UN) in a report published on Friday morning, The Fly reports.

Several other research analysts have also recently issued reports on UN. Societe Generale upgraded shares of Unilever from a sell rating to a buy rating in a report on Tuesday, July 28th. UBS Group cut shares of Unilever from a neutral rating to a sell rating in a report on Monday, June 29th. Credit Suisse Group reiterated an outperform rating on shares of Unilever in a report on Monday, August 17th. JPMorgan Chase & Co. reiterated a neutral rating on shares of Unilever in a report on Monday, October 5th. Finally, Zacks Investment Research cut shares of Unilever from a buy rating to a hold rating in a report on Wednesday, September 23rd. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $59.50.

NYSE UN opened at $59.89 on Friday. The company’s 50-day moving average price is $60.68 and its 200-day moving average price is $55.44. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 1.32. The stock has a market cap of $102.70 billion, a PE ratio of 20.94, a PEG ratio of 5.82 and a beta of 0.45. Unilever has a 12 month low of $42.00 and a 12 month high of $62.70.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be given a $0.4845 dividend. This represents a $1.94 annualized dividend and a dividend yield of 3.24%. This is an increase from Unilever’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, October 29th. Unilever’s dividend payout ratio is presently 64.34%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Naples Global Advisors LLC increased its position in shares of Unilever by 3.4% in the 3rd quarter. Naples Global Advisors LLC now owns 6,981 shares of the company’s stock valued at $422,000 after acquiring an additional 231 shares during the period. JustInvest LLC increased its position in shares of Unilever by 134.6% in the 3rd quarter. JustInvest LLC now owns 13,394 shares of the company’s stock valued at $809,000 after acquiring an additional 7,685 shares during the period. Bradley Foster & Sargent Inc. CT acquired a new position in shares of Unilever in the 3rd quarter valued at $362,000. Ellevest Inc. increased its position in shares of Unilever by 554.6% in the 3rd quarter. Ellevest Inc. now owns 1,905 shares of the company’s stock valued at $115,000 after acquiring an additional 1,614 shares during the period. Finally, Altium Wealth Management LLC acquired a new position in shares of Unilever in the 3rd quarter valued at $355,000. 7.95% of the stock is currently owned by hedge funds and other institutional investors.

About Unilever

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.

Further Reading: Market Perform

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Analyst Recommendations for Unilever (NYSE:UN)

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