Columbia Partners L L C Investment Management trimmed its position in Unilever NV (NYSE:UN) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,988 shares of the company’s stock after selling 1,682 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in Unilever were worth $5,518,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Mutual Advisors LLC bought a new position in Unilever in the fourth quarter valued at approximately $460,000. Suntrust Banks Inc. increased its stake in Unilever by 3.9% in the fourth quarter. Suntrust Banks Inc. now owns 26,146 shares of the company’s stock valued at $1,470,000 after acquiring an additional 973 shares during the last quarter. FDx Advisors Inc. boosted its position in Unilever by 5.6% in the fourth quarter. FDx Advisors Inc. now owns 40,945 shares of the company’s stock valued at $2,306,000 after buying an additional 2,162 shares in the last quarter. Synovus Financial Corp boosted its position in Unilever by 4.7% in the fourth quarter. Synovus Financial Corp now owns 25,487 shares of the company’s stock valued at $1,438,000 after buying an additional 1,144 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Unilever in the fourth quarter valued at approximately $39,804,000. 8.66% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have weighed in on UN. ABN Amro upgraded shares of Unilever from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Investec upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research report on Monday, January 29th. Zacks Investment Research lowered shares of Unilever from a “hold” rating to a “sell” rating in a research report on Friday, January 12th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Unilever in a research report on Monday, December 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $66.00.
Shares of Unilever NV (NYSE UN) opened at $53.01 on Friday. Unilever NV has a 52-week low of $46.58 and a 52-week high of $61.62.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Friday, February 16th will be given a $0.445 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.78 dividend on an annualized basis and a yield of 3.36%. This is a positive change from Unilever’s previous quarterly dividend of $0.35.
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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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