Unilever NV (UN) Shares Sold by Portland Global Advisors LLC

Portland Global Advisors LLC lowered its position in Unilever NV (NYSE:UN) by 0.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 56,772 shares of the company’s stock after selling 395 shares during the period. Unilever comprises about 1.2% of Portland Global Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Portland Global Advisors LLC’s holdings in Unilever were worth $3,309,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in Unilever by 0.8% in the fourth quarter. Bank of America Corp DE now owns 6,652,609 shares of the company’s stock worth $357,911,000 after acquiring an additional 51,582 shares in the last quarter. BlackRock Inc. boosted its position in Unilever by 2.4% during the fourth quarter. BlackRock Inc. now owns 4,981,957 shares of the company’s stock valued at $268,029,000 after buying an additional 117,523 shares during the period. Morgan Stanley boosted its position in Unilever by 22.4% during the third quarter. Morgan Stanley now owns 1,428,750 shares of the company’s stock valued at $79,366,000 after buying an additional 261,737 shares during the period. Brown Advisory Inc. boosted its position in Unilever by 7.9% during the fourth quarter. Brown Advisory Inc. now owns 1,277,476 shares of the company’s stock valued at $68,728,000 after buying an additional 93,514 shares during the period. Finally, Cullen Capital Management LLC boosted its position in Unilever by 1.6% during the fourth quarter. Cullen Capital Management LLC now owns 1,090,440 shares of the company’s stock valued at $58,666,000 after buying an additional 17,050 shares during the period. 7.92% of the stock is currently owned by hedge funds and other institutional investors.

NYSE UN traded down $0.16 during trading on Monday, hitting $57.35. 72,591 shares of the company’s stock traded hands, compared to its average volume of 1,200,983. Unilever NV has a 12-month low of $52.08 and a 12-month high of $58.72. The firm has a market cap of $98.31 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 3.05 and a beta of 0.61.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, February 15th were given a dividend of $0.442 per share. This represents a $1.77 annualized dividend and a yield of 3.08%. This is a positive change from Unilever’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, February 14th. Unilever’s dividend payout ratio is presently 63.90%.

Several analysts have issued reports on UN shares. Zacks Investment Research upgraded shares of Unilever from a “sell” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Saturday, January 19th. UBS Group lowered shares of Unilever from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 8th. BNP Paribas lowered shares of Unilever from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. Societe Generale started coverage on shares of Unilever in a research report on Tuesday, January 29th. They set a “sell” rating for the company. Finally, Barclays started coverage on shares of Unilever in a research report on Tuesday, April 9th. They set an “underweight” rating for the company. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $63.50.

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Unilever Profile

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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Institutional Ownership by Quarter for Unilever (NYSE:UN)

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