Oppenheimer & Co. Inc. trimmed its holdings in Unilever N.V. (NYSE:UL) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,971 shares of the company’s stock after selling 708 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Unilever were worth $1,211,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Highwater Wealth Management LLC bought a new stake in Unilever in the 4th quarter valued at $29,000. CNB Bank acquired a new position in Unilever during the 4th quarter valued at about $30,000. Lindbrook Capital LLC acquired a new position in Unilever during the 4th quarter valued at about $31,000. Pinnacle Bank acquired a new position in Unilever during the 4th quarter valued at about $32,000. Finally, Sontag Advisory LLC acquired a new position in Unilever during the 4th quarter valued at about $33,000. 6.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE UL traded up $0.75 during midday trading on Friday, hitting $61.94. 713,900 shares of the stock traded hands, compared to its average volume of 954,380. The company has a market cap of $72.48 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 3.29 and a beta of 0.64. Unilever N.V. has a one year low of $50.80 and a one year high of $62.09.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Friday, May 3rd will be issued a dividend of $0.4641 per share. This is a boost from Unilever’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.86 dividend on an annualized basis and a yield of 3.00%. Unilever’s dividend payout ratio is 66.43%.
A number of research analysts have issued reports on UL shares. Exane BNP Paribas downgraded shares of Unilever from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. Zacks Investment Research raised shares of Unilever from a “hold” rating to a “strong-buy” rating and set a $66.00 price target for the company in a research note on Friday, March 22nd. DZ Bank downgraded Unilever from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. BNP Paribas downgraded Unilever from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 27th. Finally, Credit Suisse Group raised Unilever from a “neutral” rating to an “outperform” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Unilever has a consensus rating of “Hold” and an average target price of $66.00.
Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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