Kornitzer Capital Management Inc. KS decreased its position in shares of Unilever NV (NYSE:UN) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,084 shares of the company’s stock after selling 700 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Unilever NV were worth $5,167,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in UN. Ledyard National Bank increased its position in shares of 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 during the last quarter. Physicians Financial Services Inc. increased its position in shares of 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 during the last quarter. Grimes & Company Inc. acquired a new position in shares of Unilever NV during the second quarter worth $201,000. Pennsylvania Trust Co acquired a new position in shares of Unilever NV during the second quarter worth $230,000. Finally, Bayesian Capital Management LP acquired a new position in shares of Unilever NV during the first quarter worth $242,000. Institutional investors and hedge funds own 6.60% of the company’s stock.
Unilever NV (NYSE:UN) traded down 0.99% during midday trading on Monday, hitting $42.79. 1,906,790 shares of the company were exchanged. The stock has a 50 day moving average of $45.82 and a 200-day moving average of $45.43. Unilever NV has a 1-year low of $40.03 and a 1-year high of $48.00. The stock has a market capitalization of $121.47 billion, a price-to-earnings ratio of 22.21 and a beta of 0.82.
The firm also recently announced a dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Friday, October 28th will be paid a dividend of $0.301 per share. The ex-dividend date is Wednesday, October 26th.
A number of equities analysts have recently weighed in on UN shares. JPMorgan Chase & Co. restated a “buy” rating on shares of Unilever NV in a research note on Thursday, September 22nd. Zacks Investment Research upgraded Unilever NV from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note 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 reaffirmed an “outperform” rating on shares of Unilever NV in a report on Monday, August 22nd. Finally, RBC Capital Markets cut 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 four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus 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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