Fiduciary Trust Co. cut its position in shares of Unilever NV (NYSE:UN) by 5.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,710 shares of the company’s stock after selling 2,390 shares during the quarter. Fiduciary Trust Co.’s holdings in Unilever were worth $2,213,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in UN. Summit Trail Advisors LLC grew its holdings in Unilever by 5,823.6% in the first quarter. Summit Trail Advisors LLC now owns 1,702,254 shares of the company’s stock valued at $1,702,000 after purchasing an additional 1,673,517 shares during the period. BlackRock Inc. grew its holdings in Unilever by 12.4% in the first quarter. BlackRock Inc. now owns 6,373,873 shares of the company’s stock valued at $359,422,000 after purchasing an additional 705,022 shares during the period. Chevy Chase Trust Holdings Inc. purchased a new stake in Unilever in the second quarter valued at approximately $34,778,000. Thornburg Investment Management Inc. grew its holdings in Unilever by 126.4% in the first quarter. Thornburg Investment Management Inc. now owns 636,359 shares of the company’s stock valued at $35,884,000 after purchasing an additional 355,268 shares during the period. Finally, Neuberger Berman Group LLC grew its holdings in Unilever by 9.0% in the first quarter. Neuberger Berman Group LLC now owns 4,188,292 shares of the company’s stock valued at $235,397,000 after purchasing an additional 346,934 shares during the period. Hedge funds and other institutional investors own 8.56% of the company’s stock.
UN opened at $57.28 on Friday. Unilever NV has a 52-week low of $51.56 and a 52-week high of $61.62. The company has a market cap of $98.17 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 2.92 and a beta of 0.85.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Shareholders of record on Friday, August 3rd will be paid a dividend of $0.4531 per share. This is an increase from Unilever’s previous quarterly dividend of $0.45. This represents a $1.81 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Thursday, August 2nd. Unilever’s payout ratio is currently 60.87%.
A number of research firms recently issued reports on UN. Zacks Investment Research restated a “hold” rating on shares of Unilever in a report on Saturday, June 30th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Unilever in a report on Wednesday, August 1st. Finally, Deutsche Bank reiterated a “buy” rating on shares of Unilever in a research note on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $66.00.
Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The company operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, Vaseline, Dermalogica, Murad, Dollar Shave Club, Zest & Camay, and Seventh Generation brands.
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