Unilever NV (NYSE:UN) – Research analysts at Jefferies Financial Group boosted their FY2019 earnings per share estimates for shares of Unilever in a research report issued to clients and investors on Monday, May 20th. Jefferies Financial Group analyst M. Deboo now expects that the company will post earnings per share of $2.89 for the year, up from their prior estimate of $2.87. Jefferies Financial Group also issued estimates for Unilever’s FY2020 earnings at $3.21 EPS and FY2021 earnings at $3.47 EPS.
Several other brokerages have also issued reports on UN. Zacks Investment Research lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. DZ Bank lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. BNP Paribas lowered shares of Unilever from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 27th. Credit Suisse Group raised shares of Unilever from a “neutral” rating to an “outperform” rating in a research note on Friday, May 3rd. Finally, Societe Generale started coverage on shares of Unilever in a research note on Tuesday, January 29th. They set a “sell” rating on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $63.50.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Lenox Wealth Management Inc. boosted 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 acquiring an additional 462 shares in the last quarter. JNBA Financial Advisors bought a new position in shares of Unilever in the fourth quarter valued at $27,000. Gemmer Asset Management LLC lifted its stake in shares of Unilever by 279.2% in the first quarter. Gemmer Asset Management LLC now owns 455 shares of the company’s stock valued at $27,000 after buying an additional 335 shares in the last quarter. C J Advisory Inc bought a new position in shares of Unilever in the first quarter valued at $27,000. Finally, Pin Oak Investment Advisors Inc. lifted its stake in shares of Unilever by 129.3% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 532 shares of the company’s stock valued at $29,000 after buying an additional 300 shares in the last quarter. 7.62% of the stock is currently owned by institutional investors and hedge funds.
The business 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. The ex-dividend date is Thursday, May 2nd. This is a positive change from Unilever’s previous quarterly dividend of $0.44. This represents a $1.86 annualized dividend and a yield of 3.07%. Unilever’s dividend payout ratio is currently 57.04%.
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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