Shoker Investment Counsel Inc. lowered its position in Unilever NV (NYSE:UN) by 1.3% during the first quarter, Holdings Channel reports. The institutional investor owned 6,620 shares of the company’s stock after selling 88 shares during the period. Shoker Investment Counsel Inc.’s holdings in Unilever NV were worth $328,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Blair William & Co. IL raised its position in shares of Unilever NV by 2.5% in the first quarter. Blair William & Co. IL now owns 177,786 shares of the company’s stock worth $8,807,000 after buying an additional 4,281 shares in the last quarter. Stifel Financial Corp raised its position in shares of Unilever NV by 6.9% in the first quarter. Stifel Financial Corp now owns 376,110 shares of the company’s stock worth $18,674,000 after buying an additional 24,277 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Unilever NV during the first quarter worth $1,306,000. M&T Bank Corp raised its position in shares of Unilever NV by 2.3% in the first quarter. M&T Bank Corp now owns 119,369 shares of the company’s stock worth $5,930,000 after buying an additional 2,698 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of Unilever NV during the first quarter worth $206,000. 6.47% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Unilever NV (NYSE UN) traded up 0.42% on Thursday, reaching $57.02. The company had a trading volume of 1,982,844 shares. Unilever NV has a 12 month low of $38.41 and a 12 month high of $57.21. The stock has a 50 day moving average price of $53.60 and a 200-day moving average price of $46.12. The company has a market capitalization of $161.92 billion, a price-to-earnings ratio of 28.20 and a beta of 0.85.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 7th. Investors of record on Friday, May 5th will be given a $0.383 dividend. This is a boost from Unilever NV’s previous quarterly dividend of $0.30. This represents a $1.53 annualized dividend and a yield of 2.69%. The ex-dividend date is Wednesday, May 3rd.
A number of research analysts recently weighed in on the company. Zacks Investment Research lowered Unilever NV from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Unilever NV in a report on Tuesday, March 28th. Liberum Capital reaffirmed a “hold” rating on shares of Unilever NV in a report on Monday, March 27th. Barclays PLC raised Unilever NV from an “equal weight” rating to an “overweight” rating in a report on Friday, March 24th. Finally, Societe Generale raised Unilever NV from a “hold” rating to a “buy” rating in a report on Thursday, February 23rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Unilever NV has an average rating of “Buy” and an average price target of $53.00.
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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