Ameriprise Financial Inc. reduced its stake in shares of Unilever (NYSE:UN) by 2.3% during the second quarter, Holdings Channel reports. The institutional investor owned 204,649 shares of the company’s stock after selling 4,754 shares during the period. Ameriprise Financial Inc.’s holdings in Unilever were worth $9,599,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Ledyard National Bank raised its stake in Unilever by 88.5% in the second quarter. Ledyard National Bank now owns 3,547 shares of the company’s stock valued at $166,000 after buying an additional 1,665 shares in the last quarter. Physicians Financial Services Inc. raised 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 valued at $175,000 after buying an additional 440 shares in the last quarter. Grimes & Company Inc. acquired a new stake in Unilever during the second quarter valued at about $201,000. Harfst & Associates Inc. acquired a new stake in Unilever during the second quarter valued at about $205,000. Finally, Pennsylvania Trust Co acquired a new stake in Unilever during the second quarter valued at about $230,000.
Shares of Unilever (NYSE:UN) traded up 0.81% during midday trading on Friday, reaching $46.10. The company had a trading volume of 1,724,412 shares. The firm has a market capitalization of $130.87 billion, a P/E ratio of 23.76 and a beta of 0.76. Unilever has a one year low of $40.03 and a one year high of $48.00. The company has a 50 day moving average price of $46.20 and a 200-day moving average price of $45.38.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Friday, August 5th were issued a $0.3531 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Wednesday, August 3rd. This is a boost from Unilever’s previous quarterly dividend of $0.34.
Several analysts have issued reports on the company. Zacks Investment Research lowered Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, June 16th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Unilever in a research note on Monday, August 22nd. RBC Capital Markets lowered Unilever from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. Citigroup Inc. upgraded Unilever from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 31st. Finally, Royal Bank Of Canada lowered Unilever from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $41.00.
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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