First Republic Investment Management Inc. trimmed its stake in Unilever NV (NYSE:UN) by 5.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 225,513 shares of the company’s stock after selling 11,794 shares during the quarter. First Republic Investment Management Inc.’s holdings in Unilever were worth $13,315,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in Unilever by 20.4% in the second 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 acquired a new position in Unilever in the third quarter valued at $65,574,000. Goldman Sachs Group Inc. increased its stake in Unilever by 67.0% in the second 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. acquired a new stake in Unilever during the third quarter worth about $22,769,000. Finally, Eaton Vance Management increased its stake in Unilever by 972.0% during the second quarter. Eaton Vance Management now owns 243,092 shares of the company’s stock worth $13,436,000 after acquiring an additional 220,416 shares during the last quarter. 8.69% of the stock is owned by institutional investors.
Shares of Unilever NV (UN) traded down $0.20 during midday trading on Friday, hitting $57.37. The stock had a trading volume of 1,177,500 shares, compared to its average volume of 2,055,104. Unilever NV has a 52 week low of $39.22 and a 52 week high of $61.62.
The business also recently announced a dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 3rd will be given a $0.422 dividend. This is an increase from Unilever’s previous dividend of $0.30. The ex-dividend date is Thursday, November 2nd.
Several brokerages have commented on UN. Zacks Investment Research lowered Unilever from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever in a research note on Thursday, September 7th. BidaskClub upgraded Unilever from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Finally, Royal Bank Of Canada lowered Unilever from a “sector perform” rating to an “underperform” rating in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Unilever has an average rating of “Hold” and an average price target of $66.00.
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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