Unilever NV (UN) Stake Cut by US Bancorp DE

US Bancorp DE cut its stake in Unilever NV (NYSE:UN) by 21.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,725 shares of the company’s stock after selling 31,104 shares during the period. US Bancorp DE’s holdings in Unilever NV were worth $6,286,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. High Point Bank & Trust Co. raised its position in shares of Unilever NV by 3.9% in the fourth quarter. High Point Bank & Trust Co. now owns 2,525 shares of the company’s stock worth $104,000 after buying an additional 95 shares during the last quarter. Coconut Grove Bank raised its position in shares of Unilever NV by 46.9% in the first quarter. Coconut Grove Bank now owns 2,505 shares of the company’s stock worth $124,000 after buying an additional 800 shares during the last quarter. SRS Capital Advisors Inc. raised its position in shares of Unilever NV by 10.9% in the first quarter. SRS Capital Advisors Inc. now owns 2,694 shares of the company’s stock worth $133,000 after buying an additional 264 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of Unilever NV by 503.0% in the first quarter. Proficio Capital Partners LLC now owns 2,647 shares of the company’s stock worth $148,000 after buying an additional 2,208 shares during the last quarter. Finally, Bollard Group LLC raised its position in shares of Unilever NV by 200.7% in the first quarter. Bollard Group LLC now owns 2,998 shares of the company’s stock worth $149,000 after buying an additional 2,001 shares during the last quarter. Institutional investors own 9.19% of the company’s stock.

Unilever NV (UN) remained flat at $58.21 during midday trading on Friday. The stock had a trading volume of 700,769 shares. Unilever NV has a 12-month low of $38.41 and a 12-month high of $58.61. The firm has a market cap of $163.72 billion, a PE ratio of 24.67 and a beta of 0.90. The firm has a 50 day moving average of $56.32 and a 200 day moving average of $51.11.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th will be issued a dividend of $0.352 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $1.41 annualized dividend and a dividend yield of 2.42%.

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A number of research analysts recently commented on UN shares. Zacks Investment Research cut Unilever NV from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. BidaskClub upgraded Unilever NV from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, UBS AG restated a “neutral” rating on shares of Unilever NV in a report on Monday, July 17th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Unilever NV presently has an average rating of “Buy” and a consensus target price of $65.00.

About Unilever NV

Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.