Zeke Capital Advisors LLC Lowers Stake in Unilever NV (UN)
Zeke Capital Advisors LLC decreased its stake in shares of Unilever NV (NYSE:UN) by 4.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,297 shares of the company’s stock after selling 3,419 shares during the period. Zeke Capital Advisors LLC’s holdings in Unilever were worth $4,349,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of UN. Hartford Financial Management Inc. bought a new position in Unilever in the second quarter valued at $104,000. Stratos Wealth Partners LTD. bought a new position in Unilever in the third quarter valued at $110,000. Wedbush Securities Inc. bought a new position in Unilever in the second quarter valued at $202,000. 180 Wealth Advisors LLC bought a new position in Unilever in the second quarter valued at $203,000. Finally, Valeo Financial Advisors LLC bought a new position in Unilever in the second quarter valued at $215,000. 8.37% of the stock is owned by institutional investors.
A number of research firms recently weighed in on UN. Zacks Investment Research raised shares of Unilever from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a research note on Wednesday, August 1st. Argus increased their price target on shares of Unilever to $65.00 and gave the company an “average” rating in a research note on Tuesday, August 21st. Deutsche Bank reiterated a “buy” rating on shares of Unilever in a research note on Friday, July 20th. Finally, Jefferies Financial Group cut shares of Unilever from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Unilever has a consensus rating of “Hold” and a consensus price target of $65.00.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Friday, November 2nd will be paid a $0.4487 dividend. This represents a $1.79 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Thursday, November 1st. Unilever’s dividend payout ratio is currently 60.47%.
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Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The company operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, Vaseline, Dermalogica, Murad, Dollar Shave Club, Zest & Camay, and Seventh Generation brands.
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