Parallel Advisors LLC raised its position in Unilever NV (NYSE:UN) by 17.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,544 shares of the company’s stock after acquiring an additional 518 shares during the quarter. Parallel Advisors LLC’s holdings in Unilever were worth $213,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of UN. Baystate Wealth Management LLC purchased a new stake in Unilever in the third quarter worth about $30,000. Rational Advisors LLC increased its position in Unilever by 587.4% in the second quarter. Rational Advisors LLC now owns 653 shares of the company’s stock worth $40,000 after buying an additional 558 shares in the last quarter. Capital Investment Advisory Services LLC increased its position in Unilever by 216.6% in the third quarter. Capital Investment Advisory Services LLC now owns 782 shares of the company’s stock worth $47,000 after buying an additional 535 shares in the last quarter. Rehmann Capital Advisory Group increased its position in Unilever by 35.6% in the second quarter. Rehmann Capital Advisory Group now owns 834 shares of the company’s stock worth $51,000 after buying an additional 219 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in Unilever by 56.4% in the second quarter. Cullen Frost Bankers Inc. now owns 965 shares of the company’s stock worth $58,000 after buying an additional 348 shares in the last quarter. 7.85% of the stock is currently owned by institutional investors.
UN traded up $0.67 during midday trading on Friday, reaching $60.16. The company had a trading volume of 1,258,986 shares, compared to its average volume of 1,207,785. Unilever NV has a 1 year low of $52.08 and a 1 year high of $63.62. The business has a 50-day moving average of $59.47 and a two-hundred day moving average of $60.06. The company has a market cap of $100.89 billion, a P/E ratio of 21.72, a P/E/G ratio of 2.53 and a beta of 0.48.
A number of analysts have commented on the company. Zacks Investment Research cut Unilever from a “hold” rating to a “sell” rating in a research report on Saturday. Goldman Sachs Group upgraded Unilever from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Morgan Stanley cut Unilever from an “in-line” rating to an “underweight” rating in a research report on Wednesday, September 18th. Finally, Redburn Partners restated a “sell” rating on shares of Unilever in a research report on Friday, October 11th. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $68.00.
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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