OppenheimerFunds Inc. bought a new stake in Unilever NV (NYSE:UN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 41,330 shares of the company’s stock, valued at approximately $2,053,000.
A number of other large investors have also recently bought and sold shares of the company. High Point Bank & Trust Co. raised its stake in Unilever NV by 3.9% in the fourth quarter. High Point Bank & Trust Co. now owns 2,525 shares of the company’s stock valued at $104,000 after buying an additional 95 shares during the period. Coconut Grove Bank raised its stake in Unilever NV by 46.9% in the first quarter. Coconut Grove Bank now owns 2,505 shares of the company’s stock valued at $124,000 after buying an additional 800 shares during the period. Ancora Advisors LLC purchased a new stake in Unilever NV during the fourth quarter valued at $131,000. Bollard Group LLC raised its stake in Unilever NV by 200.7% in the first quarter. Bollard Group LLC now owns 2,998 shares of the company’s stock valued at $149,000 after buying an additional 2,001 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in Unilever NV during the first quarter valued at $190,000. Institutional investors own 9.18% of the company’s stock.
Shares of Unilever NV (NYSE:UN) opened at 56.01 on Tuesday. The company has a market cap of $159.05 billion, a P/E ratio of 27.47 and a beta of 0.91. The stock’s 50 day moving average is $55.26 and its 200 day moving average is $47.80. Unilever NV has a 12 month low of $38.41 and a 12 month high of $57.73.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 7th. Investors of record on Friday, May 5th were given a dividend of $0.383 per share. This represents a $1.53 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Wednesday, May 3rd. This is an increase from Unilever NV’s previous quarterly dividend of $0.30.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Unilever NV from a “sell” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Thursday, March 2nd. BidaskClub lowered shares of Unilever NV from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Barclays PLC upgraded shares of Unilever NV from an “equal weight” rating to an “overweight” rating in a report on Friday, March 24th. Liberum Capital reiterated a “hold” rating on shares of Unilever NV in a report on Monday, March 27th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever NV in a report on Tuesday, March 28th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $65.00.
About Unilever NV
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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