Azimuth Capital Management LLC grew its holdings in Unilever NV (NYSE:UN) by 4.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,773 shares of the company’s stock after purchasing an additional 2,278 shares during the period. Azimuth Capital Management LLC’s holdings in Unilever were worth $2,901,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Gemmer Asset Management LLC boosted its position in Unilever by 279.2% during the first quarter. Gemmer Asset Management LLC now owns 455 shares of the company’s stock worth $27,000 after purchasing an additional 335 shares during the period. C J Advisory Inc acquired a new position in shares of Unilever in the first quarter valued at $27,000. Mackey Komara & Dankovich LLC acquired a new position in Unilever during the first quarter worth $29,000. JNBA Financial Advisors acquired a new stake in shares of Unilever in the fourth quarter valued at $27,000. Finally, Pin Oak Investment Advisors Inc. increased its stake in shares of Unilever by 129.3% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 532 shares of the company’s stock valued at $29,000 after buying an additional 300 shares in the last quarter. Institutional investors own 7.55% of the company’s stock.
Unilever stock traded down $0.82 during midday trading on Wednesday, reaching $60.60. The stock had a trading volume of 1,071,165 shares, compared to its average volume of 1,252,003. The stock has a market capitalization of $104.38 billion, a PE ratio of 21.88, a P/E/G ratio of 2.63 and a beta of 0.57. Unilever NV has a 1-year low of $52.08 and a 1-year high of $62.29. The company’s fifty day moving average is $60.78.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Friday, May 3rd were given a dividend of $0.4641 per share. This is a positive change from Unilever’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $1.86 annualized dividend and a dividend yield of 3.06%. Unilever’s payout ratio is 57.04%.
UN has been the topic of several recent research reports. Barclays initiated coverage on Unilever in a report on Tuesday, April 9th. They issued an “underweight” rating on the stock. BNP Paribas cut Unilever from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 27th. Zacks Investment Research upgraded Unilever from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Thursday, June 6th. DZ Bank cut Unilever from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Finally, Credit Suisse Group raised Unilever from a “neutral” rating to an “outperform” rating in a research report on Friday, May 3rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Unilever has an average rating of “Hold” and an average price target of $66.50.
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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