Smith Asset Management Group LP cut its position in Unilever (NYSE:UN) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,315 shares of the company’s stock after selling 300 shares during the period. Smith Asset Management Group LP’s holdings in Unilever were worth $203,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of UN. Renaissance Technologies LLC increased its stake in shares of Unilever by 88.6% in the first quarter. Renaissance Technologies LLC now owns 661,492 shares of the company’s stock worth $29,608,000 after buying an additional 310,777 shares during the last quarter. Lazard Asset Management LLC increased its stake 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 worth $11,506,000 after buying an additional 236,070 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Unilever during the second quarter worth approximately $9,135,000. HBK Investments L P increased its stake 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 worth $11,259,000 after buying an additional 183,600 shares during the last quarter. Finally, BB&T Securities LLC increased its stake 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 worth $8,840,000 after buying an additional 171,110 shares during the last quarter.
Shares of Unilever (NYSE:UN) traded up 0.69% during trading on Wednesday, hitting $46.52. The company’s stock had a trading volume of 1,256,327 shares. The stock has a market cap of $132.06 billion, a PE ratio of 24.12 and a beta of 0.76. Unilever has a one year low of $39.88 and a one year high of $48.00. The company has a 50-day moving average price of $46.22 and a 200-day moving average price of $45.36.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Friday, August 5th were given a dividend of $0.3531 per share. The ex-dividend date was Wednesday, August 3rd. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.04%. This is a boost from Unilever’s previous quarterly dividend of $0.34.
UN has been the topic of a number of recent research reports. JPMorgan Chase & Co. restated a “buy” rating on shares of Unilever in a research note on Thursday, September 22nd. Zacks Investment Research downgraded Unilever from a “hold” rating to a “sell” rating in a research note on Tuesday, August 30th. Citigroup Inc. upgraded Unilever from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 31st. Royal Bank Of Canada downgraded Unilever from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. Finally, RBC Capital Markets cut Unilever from an “outperform” rating to a “sector perform” rating in a report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.00.
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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