Northwestern Mutual Wealth Management Co. grew its position in Unilever NV (NYSE:UN) by 10.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,667 shares of the company’s stock after buying an additional 1,979 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Unilever were worth $1,151,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Hartford Financial Management Inc. acquired a new position in Unilever during the 2nd quarter worth approximately $104,000. First PREMIER Bank acquired a new position in Unilever during the 2nd quarter worth approximately $113,000. Loomis Sayles & Co. L P increased its position in Unilever by 248.4% during the 1st 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 Unilever during the 2nd quarter worth approximately $202,000. Finally, 180 Wealth Advisors LLC acquired a new position in Unilever during the 2nd quarter worth approximately $203,000. Institutional investors own 8.37% of the company’s stock.
UN stock opened at $56.02 on Thursday. The company has a market cap of $98.56 billion, a P/E ratio of 22.14, a P/E/G 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 released its quarterly earnings data on Thursday, July 19th. The company reported $1.33 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.33. analysts anticipate that Unilever NV will post 2.66 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Friday, August 3rd were given a dividend of $0.4531 per share. This represents a $1.81 dividend on an annualized basis and a yield of 3.24%. This is a boost from Unilever’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 2nd. Unilever’s dividend payout ratio is currently 60.87%.
UN has been the subject of a number of research analyst reports. Argus upped their price objective on shares of Unilever to $65.00 and gave the stock an “average” rating in a research report on Tuesday, August 21st. Deutsche Bank reiterated a “buy” rating on shares of Unilever in a research report on Friday, July 20th. Zacks Investment Research reiterated a “hold” rating on shares of Unilever in a research report on Saturday, June 30th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a research report on Wednesday, August 1st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus 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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