Whittier Trust Co. of Nevada Inc. lowered its holdings in Unilever NV (NYSE:UN) by 19.0% in the second quarter, HoldingsChannel.com reports. The fund owned 7,706 shares of the company’s stock after selling 1,805 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Unilever were worth $429,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in UN. AdvisorNet Financial Inc raised its stake in shares of Unilever by 34.2% during the 2nd quarter. AdvisorNet Financial Inc now owns 7,995 shares of the company’s stock worth $445,000 after buying an additional 2,038 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Unilever by 0.3% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,856,462 shares of the company’s stock worth $103,442,000 after buying an additional 6,234 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA raised its stake in shares of Unilever by 46.7% during the 2nd quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 5,500 shares of the company’s stock worth $306,000 after buying an additional 1,750 shares during the last quarter. Advisor Partners LLC raised its stake in shares of Unilever by 16.2% during the 2nd quarter. Advisor Partners LLC now owns 13,200 shares of the company’s stock worth $736,000 after buying an additional 1,840 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Unilever by 12.7% during the 2nd quarter. Bessemer Group Inc. now owns 43,006 shares of the company’s stock worth $2,397,000 after buying an additional 4,848 shares during the last quarter. 8.57% of the stock is owned by institutional investors.
Several research analysts have recently issued reports on UN shares. Zacks Investment Research raised Unilever from a “sell” rating to a “hold” rating in a research note on Tuesday, May 22nd. Deutsche Bank reaffirmed a “buy” rating on shares of Unilever in a research note on Friday, July 20th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Unilever in a research note on Monday, July 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Unilever presently has a consensus rating of “Buy” and an average price target of $66.00.
Shares of Unilever opened at $57.11 on Monday, Marketbeat reports. Unilever NV has a twelve month low of $51.56 and a twelve month high of $61.62. The stock has a market capitalization of $97.93 billion, a P/E ratio of 22.57, a PEG ratio of 2.91 and a beta of 0.82.
Unilever (NYSE:UN) last announced its earnings results on Thursday, July 19th. The company reported $1.33 earnings per share for the quarter, meeting the consensus estimate of $1.33. equities analysts expect that Unilever NV will post 2.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 5th. Investors of record on Friday, August 3rd will be paid a $0.4531 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, August 2nd. This represents a $1.81 annualized dividend and a yield of 3.17%. Unilever’s payout ratio is presently 64.43%.
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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