Headinvest LLC Boosts Position in Unilever (UN)
Headinvest LLC boosted its stake in shares of Unilever (NYSE:UN) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,247 shares of the company’s stock after buying an additional 470 shares during the period. Unilever accounts for approximately 2.1% of Headinvest LLC’s holdings, making the stock its 13th largest position. Headinvest LLC’s holdings in Unilever were worth $5,504,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its stake in shares of Unilever by 9.6% in the first quarter. Fisher Asset Management LLC now owns 6,350 shares of the company’s stock valued at $290,000 after buying an additional 556 shares during the last quarter. Douglas Lane & Associates LLC bought a new stake in shares of Unilever during the first quarter valued at $12,732,000. Apex Capital Management bought a new stake in shares of Unilever during the first quarter valued at $739,000. Commonwealth Equity Services Inc boosted its stake in shares of Unilever by 16.0% in the first quarter. Commonwealth Equity Services Inc now owns 38,636 shares of the company’s stock valued at $1,726,000 after buying an additional 5,320 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in shares of Unilever by 4.7% in the first quarter. Aperio Group LLC now owns 462,488 shares of the company’s stock valued at $20,664,000 after buying an additional 20,777 shares during the last quarter.
Shares of Unilever (NYSE:UN) traded up 2.27% on Thursday, reaching $46.44. The company’s stock had a trading volume of 1,604,425 shares. The company’s 50 day moving average price is $46.15 and its 200 day moving average price is $45.28. The company has a market cap of $131.83 billion, a P/E ratio of 23.93 and a beta of 0.76. Unilever has a 12-month low of $38.75 and a 12-month high of $48.00.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Friday, August 5th were paid a dividend of $0.3531 per share. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $1.41 annualized dividend and a yield of 3.04%. This is a positive change from Unilever’s previous quarterly dividend of $0.34.
Several equities research analysts have recently weighed in on UN shares. Sanford C. Bernstein reissued an “outperform” rating on shares of Unilever in a research note on Monday, August 22nd. Zacks Investment Research cut Unilever from a “hold” rating to a “sell” rating in a research note on Tuesday, August 30th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Unilever in a research note on Thursday, September 1st. Royal Bank Of Canada cut Unilever from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. Finally, Citigroup Inc. raised Unilever from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Unilever presently has a consensus rating of “Hold” and an average price target of $41.00.
Unilever Company Profile
Unilever N.V. is a fast moving consumer goods company. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. Its Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products. Its Foods segment includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads.
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