First Manhattan Co. Reduces Holdings in Unilever NV (UN)

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First Manhattan Co. lessened its stake in Unilever NV (NYSE:UN) by 1.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 27,298 shares of the company’s stock after selling 500 shares during the quarter. First Manhattan Co.’s holdings in Unilever were worth $1,591,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. OmniStar Financial Group Inc. boosted its holdings in shares of Unilever by 5.0% during the 1st quarter. OmniStar Financial Group Inc. now owns 9,777 shares of the company’s stock worth $570,000 after buying an additional 466 shares during the period. Physicians Financial Services Inc. bought a new stake in shares of Unilever during the 1st quarter worth $211,000. Cribstone Capital Management LLC boosted its holdings in shares of Unilever by 15.0% during the 1st quarter. Cribstone Capital Management LLC now owns 3,112 shares of the company’s stock worth $181,000 after buying an additional 405 shares during the period. Gofen & Glossberg LLC IL boosted its holdings in Unilever by 1.0% in the 1st quarter. Gofen & Glossberg LLC IL now owns 337,015 shares of the company’s stock valued at $19,645,000 after purchasing an additional 3,390 shares during the period. Finally, Ferguson Wellman Capital Management Inc. boosted its holdings in Unilever by 192.5% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 106,012 shares of the company’s stock valued at $6,179,000 after purchasing an additional 69,765 shares during the period. Hedge funds and other institutional investors own 7.92% of the company’s stock.

A number of analysts have weighed in on UN shares. Zacks Investment Research raised shares of Unilever from a “sell” rating to a “buy” rating and set a $60.00 price target for the company in a report on Saturday, January 19th. UBS Group downgraded shares of Unilever from a “buy” rating to a “neutral” rating in a report on Tuesday, January 8th. BNP Paribas downgraded shares of Unilever from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 27th. Societe Generale started coverage on shares of Unilever in a report on Tuesday, January 29th. They issued a “sell” rating for the company. Finally, Barclays initiated coverage on shares of Unilever in a report on Tuesday, April 9th. They issued an “underweight” rating for the company. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $63.50.

NYSE:UN opened at $57.56 on Wednesday. The stock has a market cap of $98.63 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 3.02 and a beta of 0.60. Unilever NV has a 52 week low of $52.08 and a 52 week high of $58.72.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, February 15th were issued a dividend of $0.442 per share. This represents a $1.77 dividend on an annualized basis and a dividend yield of 3.07%. This is an increase from Unilever’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, February 14th. Unilever’s dividend payout ratio (DPR) is presently 63.90%.

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Unilever Profile

Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The company operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, Vaseline, Dermalogica, Murad, Dollar Shave Club, Zest & Camay, and Seventh Generation brands.

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Institutional Ownership by Quarter for Unilever (NYSE:UN)

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