Port Capital LLC acquired a new stake in shares of Unilever NV (NYSE:UN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,500 shares of the company’s stock, valued at approximately $472,000.
Other large investors also recently added to or reduced their stakes in the company. Hartford Financial Management Inc. bought a new position in shares of Unilever during the second quarter valued at approximately $104,000. Stratos Wealth Partners LTD. bought a new position in shares of Unilever during the third quarter valued at approximately $110,000. Ancora Advisors LLC bought a new position in shares of Unilever during the third quarter valued at approximately $197,000. Wedbush Securities Inc. bought a new position in shares of Unilever during the second quarter valued at approximately $202,000. Finally, 180 Wealth Advisors LLC bought a new position in shares of Unilever during the second quarter valued at approximately $203,000. 8.02% of the stock is owned by hedge funds and other institutional investors.
UN traded up $0.26 during trading on Friday, reaching $55.61. The stock had a trading volume of 29,570 shares, compared to its average volume of 936,635. The company has a market cap of $95.25 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 3.66 and a beta of 0.80. Unilever NV has a one year low of $51.56 and a one year high of $58.72.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 5th. Shareholders of record on Friday, November 2nd were issued a $0.4487 dividend. The ex-dividend date was Thursday, November 1st. This represents a $1.79 dividend on an annualized basis and a yield of 3.23%. Unilever’s dividend payout ratio (DPR) is 60.47%.
A number of equities analysts have issued reports on UN shares. Zacks Investment Research downgraded Unilever from a “hold” rating to a “sell” rating in a report on Friday, October 5th. Jefferies Financial Group downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, Argus increased their price objective on Unilever to $65.00 and gave the stock an “average” rating in a report on Tuesday, August 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Unilever presently has an average rating of “Hold” and an average target price of $65.00.
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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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