Wedge Capital Management L L P NC Decreases Stake in Unilever NV (UN)
Wedge Capital Management L L P NC cut its position in Unilever NV (NYSE:UN) by 97.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 27,800 shares of the company’s stock after selling 890,978 shares during the period. Wedge Capital Management L L P NC’s holdings in Unilever NV were worth $757,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Ledyard National Bank boosted its position in shares of Unilever NV by 88.5% in the second quarter. Ledyard National Bank now owns 3,547 shares of the company’s stock worth $166,000 after buying an additional 1,665 shares during the last quarter. Physicians Financial Services Inc. boosted its position in shares of Unilever NV by 13.4% in the second quarter. Physicians Financial Services Inc. now owns 3,729 shares of the company’s stock worth $175,000 after buying an additional 440 shares during the last quarter. Grimes & Company Inc. bought a new position in shares of Unilever NV during the second quarter worth about $201,000. Pennsylvania Trust Co bought a new position in shares of Unilever NV during the second quarter worth about $230,000. Finally, Bayesian Capital Management LP bought a new position in shares of Unilever NV during the first quarter worth about $242,000. 6.60% of the stock is owned by institutional investors and hedge funds.
Shares of Unilever NV (NYSE:UN) traded down 1.14% on Wednesday, reaching $42.65. The company’s stock had a trading volume of 5,382,016 shares. Unilever NV has a 52-week low of $40.03 and a 52-week high of $48.00. The company has a market cap of $121.07 billion, a PE ratio of 22.13 and a beta of 0.82. The firm has a 50 day moving average of $45.64 and a 200 day moving average of $45.41.
The company also recently disclosed a dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Friday, October 28th will be issued a dividend of $0.301 per share. The ex-dividend date of this dividend is Wednesday, October 26th.
A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. restated a “buy” rating on shares of Unilever NV in a research report on Thursday, September 22nd. Zacks Investment Research upgraded Unilever NV from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Tuesday, September 20th. Citigroup Inc. upgraded Unilever NV from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 31st. Sanford C. Bernstein restated an “outperform” rating on shares of Unilever NV in a research report on Monday, August 22nd. Finally, RBC Capital Markets lowered Unilever NV from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $41.00.
Unilever NV 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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