Searle & CO. Continues to Hold Position in Unilever NV (UN)

Searle & CO. held its stake in shares of Unilever NV (NYSE:UN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the company’s stock at the end of the second quarter. Searle & CO.’s holdings in Unilever NV were worth $387,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Covington Capital Management boosted its stake in shares of Unilever NV by 0.5% in the first quarter. Covington Capital Management now owns 55,397 shares of the company’s stock valued at $2,741,000 after buying an additional 250 shares in the last quarter. Berkshire Asset Management LLC PA boosted its stake in shares of Unilever NV by 1.8% in the first quarter. Berkshire Asset Management LLC PA now owns 15,998 shares of the company’s stock valued at $795,000 after buying an additional 290 shares in the last quarter. CI Global Investments Inc. purchased a new stake in shares of Unilever NV during the first quarter valued at $7,005,000. Bank of America Corp DE boosted its stake in shares of Unilever NV by 3.6% in the first quarter. Bank of America Corp DE now owns 5,223,427 shares of the company’s stock valued at $259,500,000 after buying an additional 179,531 shares in the last quarter. Finally, Graybill Bartz & Assoc Ltd. raised its position in shares of Unilever NV by 0.6% in the first quarter. Graybill Bartz & Assoc Ltd. now owns 58,498 shares of the company’s stock worth $2,906,000 after buying an additional 358 shares during the last quarter. 9.16% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Unilever NV (NYSE:UN) traded up 0.43% during trading on Monday, hitting $58.46. 325,612 shares of the stock were exchanged. The firm has a market capitalization of $164.42 billion, a P/E ratio of 24.77 and a beta of 0.90. Unilever NV has a 52 week low of $38.41 and a 52 week high of $58.61. The firm has a 50 day moving average price of $56.32 and a 200 day moving average price of $51.11.

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

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A number of brokerages have recently issued reports on UN. UBS AG reiterated a “neutral” rating on shares of Unilever NV in a research report on Monday, July 17th. Zacks Investment Research lowered shares of Unilever NV from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Finally, BidaskClub lowered shares of Unilever NV from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. 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.