Welch Group LLC increased its stake in shares of Unilever NV (NYSE:UN) by 1.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 47,175 shares of the company’s stock after buying an additional 453 shares during the period. Welch Group LLC’s holdings in Unilever were worth $2,750,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Lenox Wealth Management Inc. boosted its holdings in shares of Unilever by 3,300.0% during the 4th quarter. Lenox Wealth Management Inc. now owns 476 shares of the company’s stock worth $26,000 after buying an additional 462 shares during the period. JNBA Financial Advisors bought a new stake in shares of Unilever during the 4th quarter worth about $27,000. Pin Oak Investment Advisors Inc. boosted its holdings in shares of Unilever by 129.3% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 532 shares of the company’s stock worth $29,000 after buying an additional 300 shares during the period. Clarus Wealth Advisors boosted its holdings in shares of Unilever by 76.5% during the 4th quarter. Clarus Wealth Advisors now owns 697 shares of the company’s stock worth $38,000 after buying an additional 302 shares during the period. Finally, Lavaca Capital LLC bought a new stake in shares of Unilever during the 4th quarter worth about $39,000. 7.92% of the stock is owned by institutional investors and hedge funds.
UN has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Unilever from a “sell” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Saturday, January 19th. UBS Group cut shares of Unilever from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 8th. BNP Paribas cut shares of Unilever from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. Societe Generale started coverage on shares of Unilever in a research report on Tuesday, January 29th. They issued a “sell” rating for the company. Finally, Barclays started coverage on shares of Unilever in a research report on Tuesday, April 9th. They issued an “underweight” rating for the company. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $63.50.
UN stock traded up $0.01 during trading on Monday, reaching $57.52. 977,937 shares of the company were exchanged, compared to its average volume of 1,350,913. The stock has a market cap of $98.31 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 3.05 and a beta of 0.61. Unilever NV has a twelve month low of $52.08 and a twelve month high of $58.72.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, February 15th were given a dividend of $0.442 per share. This represents a $1.77 dividend on an annualized basis and a yield of 3.07%. This is a boost from Unilever’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, February 14th. Unilever’s dividend payout ratio is currently 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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