Cooke & Bieler LP reduced its stake in Unilever NV (NYSE:UN) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 698,897 shares of the company’s stock after selling 12,008 shares during the quarter. Cooke & Bieler LP’s holdings in Unilever were worth $39,362,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. SeaCrest Wealth Management LLC acquired a new position in Unilever in the fourth quarter valued at approximately $113,000. Arthur M. Cohen & Associates LLC acquired a new position in Unilever in the fourth quarter valued at approximately $186,000. Ledyard National Bank acquired a new position in Unilever in the fourth quarter valued at approximately $192,000. Ballentine Partners LLC acquired a new position in Unilever in the fourth quarter valued at approximately $204,000. Finally, Bath Savings Trust Co acquired a new position in Unilever in the third quarter valued at approximately $207,000. 8.89% of the stock is currently owned by institutional investors.
Unilever NV (NYSE UN) opened at $53.53 on Monday. Unilever NV has a 12-month low of $40.97 and a 12-month high of $61.62. The firm has a market capitalization of $156,280.00, a P/E ratio of 20.35, a PEG ratio of 1.84 and a beta of 0.88.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Friday, February 16th will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 3.33%. This is a positive change from Unilever’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, February 15th. Unilever’s dividend payout ratio is presently 54.37%.
Several equities analysts have issued reports on UN shares. Zacks Investment Research lowered Unilever from a “hold” rating to a “sell” rating in a research note on Friday, January 12th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Unilever in a research note on Monday, December 18th. Investec raised Unilever from a “hold” rating to a “buy” rating in a research note on Monday, January 29th. Finally, ABN Amro raised Unilever from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $66.00.
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Unilever Company Profile
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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