Private Wealth Advisors Inc. reduced its stake in shares of Unilever NV (NYSE:UN) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,926 shares of the company’s stock after selling 54 shares during the quarter. Private Wealth Advisors Inc.’s holdings in Unilever NV were worth $383,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Eaton Vance Management raised its position in Unilever NV by 972.0% during the second quarter. Eaton Vance Management now owns 243,092 shares of the company’s stock valued at $13,436,000 after acquiring an additional 220,416 shares in the last quarter. CIBC World Markets Inc. raised its position in Unilever NV by 351.3% during the second quarter. CIBC World Markets Inc. now owns 76,125 shares of the company’s stock valued at $4,207,000 after acquiring an additional 59,257 shares in the last quarter. Freestone Capital Holdings LLC raised its position in Unilever NV by 9.1% during the second quarter. Freestone Capital Holdings LLC now owns 79,181 shares of the company’s stock valued at $4,376,000 after acquiring an additional 6,634 shares in the last quarter. Fiduciary Trust Co. raised its position in Unilever NV by 2.9% during the second quarter. Fiduciary Trust Co. now owns 44,233 shares of the company’s stock valued at $2,445,000 after acquiring an additional 1,250 shares in the last quarter. Finally, State of Tennessee Treasury Department purchased a new position in Unilever NV during the second quarter valued at approximately $2,391,000. Institutional investors own 8.97% of the company’s stock.
UN has been the topic of several research analyst reports. BidaskClub lowered Unilever NV from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Zacks Investment Research raised Unilever NV from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Tuesday, June 6th. UBS AG reissued a “neutral” rating on shares of Unilever NV in a report on Monday, July 17th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Unilever NV in a report on Thursday, September 7th. Finally, Royal Bank Of Canada lowered Unilever NV from a “sector perform” rating to an “underperform” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $65.00.
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Shares of Unilever NV (NYSE UN) opened at 58.61 on Friday. The stock has a 50 day moving average price of $59.20 and a 200-day moving average price of $55.04. The firm has a market capitalization of $164.84 billion, a price-to-earnings ratio of 24.14 and a beta of 0.90. Unilever NV has a 52 week low of $38.41 and a 52 week high of $60.90.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Friday, August 4th were paid a $0.352 dividend. This represents a $1.41 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Wednesday, August 2nd.
Unilever NV Profile
Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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