Boston Advisors LLC cut its stake in Unilever NV (NYSE:UN) by 11.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,000 shares of the company’s stock after selling 800 shares during the period. Boston Advisors LLC’s holdings in Unilever NV were worth $282,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in UN. Ledyard National Bank raised its position in Unilever NV 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 in the last quarter. Physicians Financial Services Inc. raised its position in Unilever NV 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 in the last quarter. Grimes & Company Inc. bought a new position in Unilever NV during the second quarter worth $201,000. Pennsylvania Trust Co bought a new position in Unilever NV during the second quarter worth $230,000. Finally, Bayesian Capital Management LP bought a new position in Unilever NV during the first quarter worth $242,000. Institutional investors and hedge funds own 6.60% of the company’s stock.
Shares of Unilever NV (NYSE:UN) traded down 0.79% during mid-day trading on Friday, hitting $45.36. The company had a trading volume of 1,510,078 shares. Unilever NV has a 52 week low of $40.03 and a 52 week high of $48.00. The firm has a 50-day moving average price of $46.10 and a 200-day moving average price of $45.43. The firm has a market capitalization of $128.77 billion, a PE ratio of 23.37 and a beta of 0.82.
A number of research firms have recently weighed in on UN. Zacks Investment Research lowered Unilever NV from a “hold” rating to a “sell” rating in a report on Wednesday, September 7th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Unilever NV in a research report on Monday, August 22nd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Unilever NV in a research report on Thursday, September 1st. Citigroup Inc. raised Unilever NV from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 31st. Finally, RBC Capital Markets downgraded Unilever NV from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target 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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