Unilever Target of Unusually Large Options Trading (UN)
Unilever NV (NYSE:UN) was the target of unusually large options trading activity on Friday. Traders purchased 1,699 call options on the stock. This represents an increase of 1,616% compared to the typical daily volume of 99 call options.
Several hedge funds have recently added to or reduced their stakes in UN. FMR LLC grew its holdings in shares of Unilever by 20.4% during the 2nd quarter. FMR LLC now owns 14,213,201 shares of the company’s stock valued at $785,563,000 after purchasing an additional 2,408,645 shares during the last quarter. Yacktman Asset Management LP bought a new position in shares of Unilever during the 3rd quarter valued at $65,574,000. Goldman Sachs Group Inc. grew its holdings in shares of Unilever by 67.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,456,768 shares of the company’s stock valued at $80,515,000 after purchasing an additional 584,455 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Unilever during the 3rd quarter valued at $22,769,000. Finally, Eaton Vance Management grew its holdings in shares of Unilever by 972.0% during the 2nd quarter. Eaton Vance Management now owns 243,092 shares of the company’s stock valued at $13,436,000 after purchasing an additional 220,416 shares during the last quarter. 8.69% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on UN shares. Zacks Investment Research lowered shares of Unilever from a “buy” rating to a “hold” rating in a report on Friday, October 6th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Unilever in a report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $66.00.
Unilever (NYSE:UN) opened at $57.10 on Monday. Unilever has a twelve month low of $39.89 and a twelve month high of $61.62.
The firm also recently announced a dividend, which was paid on Wednesday, December 13th. Investors of record on Friday, November 3rd were issued a dividend of $0.422 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This is a positive change from Unilever’s previous dividend of $0.30. Unilever’s dividend payout ratio (DPR) is currently 71.01%.
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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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