Oppenheimer & Co. Inc. lifted its stake in shares of Unilever NV (NYSE:UN) by 11.3% during the second quarter, HoldingsChannel.com reports. The fund owned 20,167 shares of the company’s stock after acquiring an additional 2,049 shares during the period. Oppenheimer & Co. Inc.’s holdings in Unilever were worth $1,124,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. First PREMIER Bank acquired a new position in shares of Unilever during the second quarter worth $113,000. Loomis Sayles & Co. L P grew its stake in shares of Unilever by 248.4% during the first quarter. Loomis Sayles & Co. L P now owns 3,191 shares of the company’s stock worth $180,000 after purchasing an additional 2,275 shares in the last quarter. Wedbush Securities Inc. acquired a new position in shares of Unilever during the second quarter worth $202,000. Ancora Advisors LLC acquired a new position in shares of Unilever during the first quarter worth $205,000. Finally, 180 Wealth Advisors LLC acquired a new position in shares of Unilever during the second quarter worth $203,000. 8.38% of the stock is currently owned by institutional investors and hedge funds.
NYSE UN opened at $56.54 on Wednesday. Unilever NV has a 1 year low of $51.56 and a 1 year high of $61.62.
Unilever (NYSE:UN) last released its quarterly earnings data on Thursday, July 19th. The company reported $1.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.33. research analysts expect that Unilever NV will post 2.66 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Shareholders of record on Friday, August 3rd will be paid a $0.4531 dividend. This represents a $1.81 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, August 2nd. This is an increase from Unilever’s previous quarterly dividend of $0.45. Unilever’s dividend payout ratio is currently 60.87%.
UN has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Unilever from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. Argus boosted their target price on shares of Unilever to $65.00 and gave the stock an “average” rating in a research note on Tuesday, August 21st. Deutsche Bank reiterated a “buy” rating on shares of Unilever in a research note on Friday, July 20th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a research note on Wednesday, August 1st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $65.50.
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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