Wallace Capital Management Inc. cut its holdings in shares of Unilever NV (NYSE:UN) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 421,869 shares of the company’s stock after selling 4,272 shares during the quarter. Unilever makes up approximately 3.1% of Wallace Capital Management Inc.’s portfolio, making the stock its 9th largest holding. Wallace Capital Management Inc.’s holdings in Unilever were worth $23,507,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UN. Hartford Financial Management Inc. bought a new stake in shares of Unilever during the second quarter valued at about $104,000. First PREMIER Bank bought a new position in shares of Unilever in the second quarter worth approximately $113,000. Loomis Sayles & Co. L P increased its position in shares of Unilever by 248.4% in 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 during the last quarter. Wedbush Securities Inc. bought a new position in shares of Unilever in the second quarter worth approximately $202,000. Finally, 180 Wealth Advisors LLC bought a new position in shares of Unilever in the second quarter worth approximately $203,000. 8.38% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently weighed in on UN. Zacks Investment Research upgraded shares of Unilever from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Argus upped their target price on Unilever to $65.00 and gave the stock an “average” rating in a research note on Tuesday, August 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Unilever in a research note on Wednesday, August 1st. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Unilever in a research note on Friday, July 20th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $65.50.
Shares of UN opened at $56.02 on Wednesday. The company has a market capitalization of $98.56 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 3.04 and a beta of 0.81. Unilever NV has a 1 year low of $51.56 and a 1 year high of $61.62.
Unilever (NYSE:UN) last issued its earnings results on Thursday, July 19th. The company reported $1.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.33. equities analysts expect that Unilever NV will post 2.66 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Stockholders of record on Friday, August 3rd will be paid a dividend of $0.4531 per share. This represents a $1.81 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Thursday, August 2nd. This is a positive change from Unilever’s previous quarterly dividend of $0.45. Unilever’s dividend payout ratio is 60.87%.
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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