Auxier Asset Management cut its holdings in Unilever NV (NYSE:UN) by 9.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 103,303 shares of the company’s stock after selling 10,450 shares during the quarter. Unilever comprises 1.2% of Auxier Asset Management’s holdings, making the stock its 29th biggest position. Auxier Asset Management’s holdings in Unilever were worth $5,756,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of UN. Summit Trail Advisors LLC increased its position in Unilever by 5,823.6% during the 1st quarter. Summit Trail Advisors LLC now owns 1,702,254 shares of the company’s stock worth $1,702,000 after buying an additional 1,673,517 shares during the period. BlackRock Inc. raised its stake in shares of Unilever by 12.4% in the first quarter. BlackRock Inc. now owns 6,373,873 shares of the company’s stock valued at $359,422,000 after buying an additional 705,022 shares during the period. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Unilever in the second quarter valued at $34,778,000. Bank of America Corp DE raised its stake in shares of Unilever by 7.2% in the second quarter. Bank of America Corp DE now owns 6,786,031 shares of the company’s stock valued at $378,119,000 after buying an additional 457,890 shares during the period. Finally, Gofen & Glossberg LLC IL bought a new stake in shares of Unilever in the second quarter valued at $18,781,000. Institutional investors and hedge funds own 8.38% of the company’s stock.
A number of equities analysts have weighed in on UN shares. Argus upped their target price on Unilever to $65.00 and gave the stock an “average” rating in a research note on Tuesday, August 21st. Deutsche Bank reiterated a “buy” rating on shares of Unilever in a report on Friday, July 20th. Zacks Investment Research reissued a “hold” rating on shares of Unilever in a research report on Saturday, June 30th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Unilever in a research report on Wednesday, August 1st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $65.50.
NYSE UN opened at $56.55 on Friday. Unilever NV has a 1 year low of $51.56 and a 1 year high of $61.62. The firm has a market capitalization of $96.64 billion, a P/E ratio of 22.35, a PEG ratio of 2.98 and a beta of 0.81.
Unilever (NYSE:UN) last posted its earnings results on Thursday, July 19th. The company reported $1.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.33. research analysts predict that Unilever NV will post 2.66 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Friday, August 3rd were issued a $0.4531 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 2nd. This represents a $1.81 dividend on an annualized basis and a yield of 3.20%. Unilever’s dividend payout ratio is presently 60.87%.
Unilever Company Profile
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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