Abbrea Capital LLC Maintains Stake in Unilever NV (NYSE:UN)
Abbrea Capital LLC continued to hold its position in Unilever NV (NYSE:UN) during the second quarter, according to its most recent filing with the SEC. The fund owned 11,880 shares of the company’s stock at the end of the second quarter. Abbrea Capital LLC’s holdings in Unilever NV were worth $657,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Coconut Grove Bank increased its position in Unilever NV by 46.9% in the first quarter. Coconut Grove Bank now owns 2,505 shares of the company’s stock valued at $124,000 after buying an additional 800 shares in the last quarter. Proficio Capital Partners LLC increased its position in Unilever NV by 503.0% in the first quarter. Proficio Capital Partners LLC now owns 2,647 shares of the company’s stock valued at $148,000 after buying an additional 2,208 shares in the last quarter. SRS Capital Advisors Inc. increased its position in Unilever NV by 10.9% in the first quarter. SRS Capital Advisors Inc. now owns 2,694 shares of the company’s stock valued at $133,000 after buying an additional 264 shares in the last quarter. Bollard Group LLC increased its position in Unilever NV by 200.7% in the first quarter. Bollard Group LLC now owns 2,998 shares of the company’s stock valued at $149,000 after buying an additional 2,001 shares in the last quarter. Finally, Park National Corp OH purchased a new position in Unilever NV during the second quarter valued at about $200,000. 9.16% of the stock is owned by institutional investors.
Shares of Unilever NV (UN) opened at 57.96 on Friday. The firm’s 50-day moving average is $56.92 and its 200-day moving average is $51.86. Unilever NV has a 52-week low of $38.41 and a 52-week high of $58.83. The firm has a market cap of $163.01 billion, a P/E ratio of 24.18 and a beta of 0.90.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Friday, August 4th will be given a $0.352 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $1.41 annualized dividend and a yield of 2.43%.
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Several research analysts have recently issued reports on the company. BidaskClub raised Unilever NV from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Royal Bank Of Canada downgraded Unilever NV from a “sector perform” rating to an “underperform” rating in a research note on Thursday. UBS AG reaffirmed a “neutral” rating on shares of Unilever NV in a research note on Monday, July 17th. Finally, Zacks Investment Research raised Unilever NV from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Unilever NV currently has a consensus rating of “Buy” and a consensus price target 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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