Comerica Bank lifted its position in Unilever NV (NYSE:UN) by 15.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 125,960 shares of the company’s stock after purchasing an additional 16,720 shares during the quarter. Comerica Bank’s holdings in Unilever were worth $6,778,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Arthur M. Cohen & Associates LLC lifted its position in Unilever by 1,076.0% during the 4th quarter. Arthur M. Cohen & Associates LLC now owns 24,225 shares of the company’s stock worth $1,266,000 after buying an additional 22,165 shares in the last quarter. Thornburg Investment Management Inc. lifted its position in Unilever by 1.5% during the 4th quarter. Thornburg Investment Management Inc. now owns 653,131 shares of the company’s stock valued at $35,138,000 after purchasing an additional 9,445 shares during the period. Cullen Frost Bankers Inc. acquired a new position in Unilever during the 4th quarter valued at about $321,000. Graybill Bartz & Assoc Ltd. lifted its position in Unilever by 4.8% during the 4th quarter. Graybill Bartz & Assoc Ltd. now owns 35,415 shares of the company’s stock valued at $1,905,000 after purchasing an additional 1,620 shares during the period. Finally, Enlightenment Research LLC acquired a new position in Unilever during the 4th quarter valued at about $178,000. 8.00% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have issued reports on UN shares. JPMorgan Chase & Co. downgraded shares of Unilever from a “neutral” rating to an “underweight” rating in a research report on Sunday, December 9th. Zacks Investment Research upgraded shares of Unilever from a “sell” rating to a “hold” rating in a research report on Wednesday, December 12th. UBS Group downgraded shares of Unilever from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 8th. Finally, Societe Generale started coverage on shares of Unilever in a research report on Tuesday, January 29th. They set a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Unilever has a consensus rating of “Hold” and an average price target of $63.50.
Unilever stock opened at $55.80 on Thursday. Unilever NV has a 1 year low of $51.56 and a 1 year high of $58.72. The stock has a market cap of $94.57 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 3.18 and a beta of 0.62.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, February 15th will be given a dividend of $0.442 per share. The ex-dividend date is Thursday, February 14th. This is an increase from Unilever’s previous quarterly dividend of $0.42. This represents a $1.77 dividend on an annualized basis and a yield of 3.17%. Unilever’s dividend payout ratio is presently 63.90%.
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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