Northern Trust Corp grew its stake in Unilever NV (NYSE:UN) by 0.1% during the first quarter, HoldingsChannel reports. The firm owned 3,059,953 shares of the company’s stock after purchasing an additional 3,503 shares during the period. Northern Trust Corp’s holdings in Unilever were worth $178,365,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. JNBA Financial Advisors bought a new stake in Unilever during the fourth quarter worth $27,000. Gemmer Asset Management LLC lifted its holdings in Unilever by 279.2% during the first quarter. Gemmer Asset Management LLC now owns 455 shares of the company’s stock worth $27,000 after acquiring an additional 335 shares during the period. C J Advisory Inc bought a new stake in Unilever during the first quarter worth $27,000. Pin Oak Investment Advisors Inc. lifted its holdings in Unilever by 129.3% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 532 shares of the company’s stock worth $29,000 after acquiring an additional 300 shares during the period. Finally, Mackey Komara & Dankovich LLC bought a new stake in Unilever during the first quarter worth $29,000. Institutional investors own 7.55% of the company’s stock.
UN has been the topic of a number of recent analyst reports. Barclays initiated coverage on Unilever in a report on Tuesday, April 9th. They set an “underweight” rating on the stock. BNP Paribas lowered Unilever from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 27th. Zacks Investment Research upgraded Unilever from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Thursday, June 6th. DZ Bank lowered Unilever from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, Credit Suisse Group upgraded Unilever from a “neutral” rating to an “outperform” rating in a report on Friday, May 3rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $66.50.
Shares of UN traded up $0.42 during mid-day trading on Wednesday, hitting $61.97. The stock had a trading volume of 92,842 shares, compared to its average volume of 1,293,261. The firm has a market cap of $105.39 billion, a PE ratio of 22.41, a PEG ratio of 2.59 and a beta of 0.57. Unilever NV has a 52 week low of $52.08 and a 52 week high of $61.59.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Friday, May 3rd were paid a $0.4641 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This is a positive change from Unilever’s previous quarterly dividend of $0.44. This represents a $1.86 annualized dividend and a dividend yield of 3.00%. Unilever’s payout ratio is presently 57.04%.
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Unilever N.V. operates in the fast-moving consumer goods industry worldwide. It operates in three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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