King Luther Capital Management Corp Boosts Stake in Unilever NV (UN)

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King Luther Capital Management Corp lifted its position in Unilever NV (NYSE:UN) by 30.2% in the second quarter, HoldingsChannel reports. The firm owned 275,813 shares of the company’s stock after purchasing an additional 64,000 shares during the quarter. King Luther Capital Management Corp’s holdings in Unilever were worth $15,368,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hartford Financial Management Inc. purchased a new position in shares of Unilever in the 2nd quarter worth about $104,000. First PREMIER Bank purchased a new position in shares of Unilever in the 2nd quarter worth about $113,000. Loomis Sayles & Co. L P boosted its holdings in shares of Unilever by 248.4% in 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. purchased a new position in shares of Unilever in the 2nd quarter worth about $202,000. Finally, Ancora Advisors LLC purchased a new position in shares of Unilever in the 1st quarter worth about $205,000. Hedge funds and other institutional investors own 8.37% of the company’s stock.

UN has been the subject of a number of research reports. Zacks Investment Research upgraded Unilever from a “sell” rating to a “hold” rating in a report on Tuesday, May 22nd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a report on Monday, July 16th. Deutsche Bank reiterated a “buy” rating on shares of Unilever in a report on Friday, July 20th. Finally, Argus upped their price objective on Unilever to $65.00 and gave the stock an “average” rating in a report on Tuesday, August 21st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $65.50.

Shares of UN stock opened at $55.15 on Friday. The stock has a market cap of $96.06 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.97 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 for the quarter, meeting the consensus estimate of $1.33. equities analysts predict that Unilever NV will post 2.66 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Investors of record on Friday, August 3rd were issued a dividend of $0.4531 per share. The ex-dividend date was Thursday, August 2nd. This is a boost from Unilever’s previous quarterly dividend of $0.45. This represents a $1.81 annualized dividend and a yield of 3.29%. Unilever’s dividend payout ratio is currently 60.87%.

Unilever Profile

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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Institutional Ownership by Quarter for Unilever (NYSE:UN)

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