CIBC Asset Management Inc Decreases Position in Unilever NV (NYSE:UN)
CIBC Asset Management Inc reduced its stake in shares of Unilever NV (NYSE:UN) by 7.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 50,480 shares of the company’s stock after selling 4,350 shares during the period. CIBC Asset Management Inc’s holdings in Unilever NV were worth $2,782,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of UN. BlackRock Inc. boosted its stake in Unilever NV by 416,585.0% in the first quarter. BlackRock Inc. now owns 9,167,071 shares of the company’s stock valued at $455,420,000 after buying an additional 9,164,871 shares during the last quarter. FMR LLC boosted its stake in Unilever NV by 297.2% in the first quarter. FMR LLC now owns 11,804,556 shares of the company’s stock valued at $586,450,000 after buying an additional 8,832,563 shares during the last quarter. Wellington Management Group LLP boosted its stake in Unilever NV by 22.6% in the first quarter. Wellington Management Group LLP now owns 21,933,059 shares of the company’s stock valued at $1,089,635,000 after buying an additional 4,042,634 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in Unilever NV by 9,088.7% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,411,193 shares of the company’s stock valued at $70,208,000 after buying an additional 1,395,835 shares during the last quarter. Finally, United States Steel & Carnegie Pension Fund bought a new stake in Unilever NV during the first quarter valued at $42,782,000. Hedge funds and other institutional investors own 9.19% of the company’s stock.
Unilever NV (NYSE UN) opened at 58.21 on Monday. Unilever NV has a 52 week low of $38.41 and a 52 week high of $58.61. The stock has a 50 day moving average of $56.32 and a 200 day moving average of $51.11. The company has a market cap of $163.72 billion, a price-to-earnings ratio of 24.67 and a beta of 0.90.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th will be paid a $0.352 dividend. This represents a $1.41 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Wednesday, August 2nd.
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UN has been the subject of several research reports. Zacks Investment Research cut shares of Unilever NV from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. BidaskClub upgraded shares of Unilever NV from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, UBS AG restated a “neutral” rating on shares of Unilever NV in a research report on Monday, July 17th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $65.00.
About Unilever NV
Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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