Bank of Montreal Can bought a new stake in Unilever NV (NYSE:UN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 194,615 shares of the company’s stock, valued at approximately $9,135,000.
A number of other hedge funds have also bought and sold shares of UN. Ledyard National Bank increased its stake in Unilever NV 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. increased its stake in Unilever NV 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. Pennsylvania Trust Co purchased a new stake in Unilever NV during the second quarter valued at about $230,000. Bayesian Capital Management LP purchased a new stake in Unilever NV during the first quarter valued at about $242,000. Finally, Boothbay Fund Management LLC purchased a new stake in Unilever NV during the first quarter valued at about $307,000. 6.60% of the stock is owned by institutional investors.
Shares of Unilever NV (NYSE:UN) traded down 0.11% during trading on Thursday, hitting $45.72. 1,337,811 shares of the stock were exchanged. The firm’s 50-day moving average is $46.14 and its 200 day moving average is $45.43. Unilever NV has a 1-year low of $40.03 and a 1-year high of $48.00. The company has a market cap of $129.79 billion, a P/E ratio of 23.55 and a beta of 0.82.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Friday, August 5th were given a $0.3531 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Wednesday, August 3rd. This is a boost from Unilever NV’s previous quarterly dividend of $0.34.
UN has been the subject of several recent analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Unilever NV in a report on Thursday, September 22nd. Zacks Investment Research raised shares of Unilever NV from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Tuesday, September 20th. Citigroup Inc. raised shares of Unilever NV from a “neutral” rating to a “buy” rating in a report on Wednesday, August 31st. Sanford C. Bernstein reissued an “outperform” rating on shares of Unilever NV in a report on Monday, August 22nd. Finally, RBC Capital Markets downgraded shares of Unilever NV from an “outperform” rating to a “sector perform” rating in a report on Friday, July 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Unilever NV has an average rating of “Hold” and a consensus target price of $41.00.
About Unilever NV
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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