Stonebridge Capital Management Inc. reduced its stake in shares of Unilever (NYSE:UN) by 3.6% during the second quarter, Holdings Channel reports. The firm owned 16,159 shares of the company’s stock after selling 600 shares during the period. Stonebridge Capital Management Inc.’s holdings in Unilever were worth $758,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ledyard National Bank raised its position in Unilever by 88.5% in the second quarter. Ledyard National Bank now owns 3,547 shares of the company’s stock worth $166,000 after buying an additional 1,665 shares during the last quarter. Physicians Financial Services Inc. increased its stake in Unilever by 13.4% in the second quarter. Physicians Financial Services Inc. now owns 3,729 shares of the company’s stock worth $175,000 after buying an additional 440 shares during the period. Grimes & Company Inc. bought a new stake in Unilever during the second quarter worth approximately $201,000. Pennsylvania Trust Co bought a new stake in Unilever during the second quarter worth approximately $230,000. Finally, Bayesian Capital Management LP bought a new stake in Unilever during the first quarter worth approximately $242,000.
Unilever (NYSE:UN) traded up 0.69% during mid-day trading on Wednesday, hitting $46.52. 1,253,713 shares of the company were exchanged. The stock has a market cap of $132.06 billion, a P/E ratio of 24.12 and a beta of 0.76. The company has a 50 day moving average of $46.20 and a 200 day moving average of $45.35. Unilever has a 12-month low of $39.88 and a 12-month high of $48.00.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Friday, August 5th were paid a $0.3531 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.04%.
A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Friday, September 23rd. Citigroup Inc. upgraded shares of Unilever from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 31st. JPMorgan Chase & Co. restated a “buy” rating on shares of Unilever in a research report on Thursday, September 1st. Royal Bank Of Canada downgraded shares of Unilever from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. Finally, RBC Capital Markets downgraded shares of Unilever from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $41.00.
Unilever Company Profile
Unilever N.V. is a fast moving consumer goods company. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. Its Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products. Its Foods segment includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads.
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