Tradition Capital Management LLC Trims Stake in Unilever NV (UN)

Tradition Capital Management LLC lessened its holdings in shares of Unilever NV (NYSE:UN) by 29.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,639 shares of the company’s stock after selling 3,600 shares during the quarter. Tradition Capital Management LLC’s holdings in Unilever were worth $503,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of UN. Ronna Sue Cohen increased its stake in shares of Unilever by 5,374.5% during the first quarter. Ronna Sue Cohen now owns 2,845,893 shares of the company’s stock worth $2,846,000 after buying an additional 2,793,908 shares during the period. Bank of New York Mellon Corp increased its stake in Unilever by 516.5% in the third quarter. Bank of New York Mellon Corp now owns 808,729 shares of the company’s stock valued at $44,924,000 after purchasing an additional 677,554 shares during the last quarter. Boston Partners purchased a new position in Unilever in the first quarter valued at approximately $30,100,000. Inverness Counsel LLC NY increased its stake in Unilever by 761.0% in the fourth quarter. Inverness Counsel LLC NY now owns 552,816 shares of the company’s stock valued at $29,741,000 after purchasing an additional 488,608 shares during the last quarter. Finally, BlackRock Inc. increased its stake in Unilever by 2.4% in the fourth quarter. BlackRock Inc. now owns 4,981,957 shares of the company’s stock valued at $268,029,000 after purchasing an additional 117,523 shares during the last quarter. 7.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of UN traded up $0.29 during mid-day trading on Wednesday, reaching $59.46. 130,538 shares of the company’s stock were exchanged, compared to its average volume of 1,202,221. The firm has a market cap of $101.69 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 3.09 and a beta of 0.61. Unilever NV has a 52-week low of $52.08 and a 52-week high of $60.59.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Friday, May 3rd will be given a dividend of $0.4641 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This is a positive change from Unilever’s previous quarterly dividend of $0.44. This represents a $1.86 dividend on an annualized basis and a dividend yield of 3.12%. Unilever’s dividend payout ratio (DPR) is 57.04%.

Several equities analysts have commented 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 on the stock in a research note on Saturday, January 19th. 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 upgraded shares of Unilever from a “neutral” rating to an “outperform” rating in a research note on Friday, May 3rd. Finally, Societe Generale began coverage on shares of Unilever in a research note on Tuesday, January 29th. They issued a “sell” rating on the stock. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Unilever presently has an average rating of “Hold” and an average price target of $63.50.

ILLEGAL ACTIVITY WARNING: “Tradition Capital Management LLC Trims Stake in Unilever NV (UN)” was first published by WKRB News and is the property of of WKRB News. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.wkrb13.com/2019/05/15/tradition-capital-management-llc-trims-stake-in-unilever-nv-un.html.

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.

Featured Story: Calculating net profit and net profit margin ratio

Want to see what other hedge funds are holding UN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unilever NV (NYSE:UN).

Institutional Ownership by Quarter for Unilever (NYSE:UN)

Receive News & Ratings for Unilever Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever and related companies with MarketBeat.com's FREE daily email newsletter.