Fiduciary Trust Co. decreased its stake in Unilever NV (NYSE:UN) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,710 shares of the company’s stock after selling 2,390 shares during the period. Fiduciary Trust Co.’s holdings in Unilever were worth $2,213,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in Unilever by 12.4% during the first quarter. BlackRock Inc. now owns 6,373,873 shares of the company’s stock worth $359,422,000 after acquiring an additional 705,022 shares during the last quarter. Aristotle Capital Management LLC raised its position in Unilever by 4.9% during the first quarter. Aristotle Capital Management LLC now owns 5,531,075 shares of the company’s stock worth $311,762,000 after acquiring an additional 259,954 shares during the last quarter. Neuberger Berman Group LLC raised its position in Unilever by 9.0% during the first quarter. Neuberger Berman Group LLC now owns 4,188,292 shares of the company’s stock worth $235,397,000 after acquiring an additional 346,934 shares during the last quarter. Fisher Asset Management LLC raised its position in Unilever by 4.0% during the second quarter. Fisher Asset Management LLC now owns 4,089,910 shares of the company’s stock worth $227,890,000 after acquiring an additional 156,609 shares during the last quarter. Finally, Schafer Cullen Capital Management Inc. raised its position in Unilever by 1.1% during the first quarter. Schafer Cullen Capital Management Inc. now owns 3,481,715 shares of the company’s stock worth $196,334,000 after acquiring an additional 38,229 shares during the last quarter. Hedge funds and other institutional investors own 8.56% of the company’s stock.
A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. restated a “neutral” rating on shares of Unilever in a research report on Wednesday, August 1st. Zacks Investment Research cut shares of Unilever from a “hold” rating to a “sell” rating in a research report on Friday, April 13th. Finally, Deutsche Bank restated a “buy” rating on shares of Unilever in a research report on Friday, July 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $66.00.
Shares of Unilever opened at $57.28 on Friday, according to Marketbeat.com. The stock has a market cap of $98.17 billion, a PE ratio of 22.64, a PEG ratio of 2.92 and a beta of 0.85. Unilever NV has a 12 month low of $51.56 and a 12 month high of $61.62.
Unilever (NYSE:UN) last issued its quarterly earnings results on Thursday, July 19th. The company reported $1.33 EPS for the quarter, hitting analysts’ consensus estimates of $1.33. research analysts predict that Unilever NV will post 2.76 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 5th. Stockholders of record on Friday, August 3rd will be issued a dividend of $0.4531 per share. The ex-dividend date is Thursday, August 2nd. This is an increase from Unilever’s previous quarterly dividend of $0.45. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.16%. Unilever’s payout ratio is 60.87%.
Unilever Company Profile
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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