Enterprise Financial Services Corp raised its position in shares of Unilever NV (NYSE:UN) by 311.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,982 shares of the company’s stock after buying an additional 1,500 shares during the period. Enterprise Financial Services Corp’s holdings in Unilever were worth $115,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Budros Ruhlin & Roe Inc. purchased a new position in Unilever in the first quarter valued at $875,000. Private Capital Group LLC boosted its holdings in Unilever by 18.0% in the first quarter. Private Capital Group LLC now owns 4,720 shares of the company’s stock valued at $275,000 after purchasing an additional 720 shares during the period. Canandaigua National Bank & Trust Co. boosted its holdings in Unilever by 12.2% in the first quarter. Canandaigua National Bank & Trust Co. now owns 17,831 shares of the company’s stock valued at $1,039,000 after purchasing an additional 1,945 shares during the period. C J Advisory Inc purchased a new position in Unilever in the first quarter valued at $27,000. Finally, Brand Asset Management Group Inc. purchased a new position in Unilever in the first quarter valued at $61,000. Institutional investors and hedge funds own 7.78% of the company’s stock.
Unilever stock traded up $0.57 during midday trading on Wednesday, reaching $60.63. The company’s stock had a trading volume of 909,800 shares, compared to its average volume of 1,303,813. Unilever NV has a fifty-two week low of $52.08 and a fifty-two week high of $60.80. The stock has a market cap of $103.59 billion, a PE ratio of 21.89, a P/E/G ratio of 3.13 and a beta of 0.61.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Friday, May 3rd will be paid a $0.4641 dividend. The ex-dividend date is Thursday, May 2nd. This is a boost from Unilever’s previous quarterly dividend of $0.44. This represents a $1.86 dividend on an annualized basis and a yield of 3.06%. Unilever’s dividend payout ratio (DPR) is currently 57.04%.
UN has been the subject of a number of recent research reports. Zacks Investment Research lowered Unilever from a “buy” rating to a “hold” rating in a report on Saturday, January 26th. Societe Generale started coverage on Unilever in a report on Tuesday, January 29th. They issued a “sell” rating for the company. BNP Paribas cut Unilever from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 27th. Barclays started coverage on Unilever in a research note on Tuesday, April 9th. They issued an “underweight” rating on the stock. Finally, DZ Bank cut Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Unilever presently has a consensus rating of “Hold” and an average price target of $63.50.
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Unilever N.V. operates in the fast-moving consumer goods industry worldwide. It operates in three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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