Lakeview Capital Partners LLC Takes Position in Unilever N.V. (NYSE:UL)

Lakeview Capital Partners LLC purchased a new stake in Unilever N.V. (NYSE:UL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,380 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds have also recently made changes to their positions in the company. Strategy Asset Managers LLC acquired a new stake in shares of Unilever during the first quarter valued at $25,000. CX Institutional acquired a new stake in Unilever in the 2nd quarter worth about $25,000. Ropes Wealth Advisors LLC acquired a new stake in Unilever in the 2nd quarter worth about $26,000. Interactive Financial Advisors acquired a new stake in Unilever in the 1st quarter worth about $29,000. Finally, Lenox Wealth Management Inc. boosted its stake in Unilever by 225.3% in the 2nd quarter. Lenox Wealth Management Inc. now owns 566 shares of the company’s stock worth $35,000 after buying an additional 392 shares during the last quarter. Institutional investors and hedge funds own 7.02% of the company’s stock.

UL has been the topic of a number of research analyst reports. DZ Bank lowered Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Zacks Investment Research lowered Unilever from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. Credit Suisse Group raised Unilever from a “neutral” rating to an “outperform” rating in a research note on Friday, May 3rd. Finally, HSBC initiated coverage on Unilever in a research note on Friday, June 28th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $66.00.

NYSE:UL traded up $0.44 during mid-day trading on Wednesday, reaching $62.01. The company’s stock had a trading volume of 230,620 shares, compared to its average volume of 674,470. The stock has a market cap of $72.20 billion, a P/E ratio of 22.39, a P/E/G ratio of 2.60 and a beta of 0.55. Unilever N.V. has a twelve month low of $50.80 and a twelve month high of $64.10. The company’s fifty day simple moving average is $61.42 and its two-hundred day simple moving average is $59.10.

Unilever Profile

Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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