Trillium Asset Management LLC reduced its position in shares of Unilever (NYSE:UN) by 21.6% during the second quarter, Holdings Channel reports. The institutional investor owned 431,258 shares of the company’s stock after selling 118,487 shares during the period. Unilever comprises 1.3% of Trillium Asset Management LLC’s portfolio, making the stock its 11th largest position. Trillium Asset Management LLC’s holdings in Unilever were worth $20,243,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of UN. Renaissance Technologies LLC raised its position in Unilever by 88.6% in the first quarter. Renaissance Technologies LLC now owns 661,492 shares of the company’s stock valued at $29,608,000 after buying an additional 310,777 shares during the period. Lazard Asset Management LLC increased its position in shares of Unilever by 1,098.4% in the first quarter. Lazard Asset Management LLC now owns 257,562 shares of the company’s stock valued at $11,506,000 after buying an additional 236,070 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Unilever during the second quarter valued at approximately $9,135,000. HBK Investments L P increased its position in shares of Unilever by 268.4% in the first quarter. HBK Investments L P now owns 252,000 shares of the company’s stock valued at $11,259,000 after buying an additional 183,600 shares in the last quarter. Finally, BB&T Securities LLC increased its position in shares of Unilever by 639.5% in the first quarter. BB&T Securities LLC now owns 197,865 shares of the company’s stock valued at $8,840,000 after buying an additional 171,110 shares in the last quarter.
Unilever (NYSE:UN) traded up 0.35% during mid-day trading on Tuesday, hitting $46.43. The stock had a trading volume of 2,016,980 shares. Unilever has a 12 month low of $40.03 and a 12 month high of $48.00. The company has a market cap of $131.81 billion, a price-to-earnings ratio of 23.93 and a beta of 0.76. The firm’s 50-day moving average is $46.19 and its 200 day moving average is $45.41.
The business 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. The ex-dividend date of this dividend was Wednesday, August 3rd. This is an increase from Unilever’s previous quarterly dividend of $0.34. This represents a $1.41 annualized dividend and a dividend yield of 3.04%.
Several research analysts have recently commented on the company. Zacks Investment Research downgraded Unilever from a “hold” rating to a “sell” rating in a research note on Wednesday, September 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Unilever in a research note on Monday, August 22nd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Unilever in a research note on Thursday, September 1st. Citigroup Inc. upgraded Unilever from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 31st. Finally, RBC Capital Markets downgraded Unilever from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus 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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