National Asset Management Inc. increased its stake in Unilever NV (NYSE:UN) by 3.4% in the 1st quarter, Holdings Channel reports. The firm owned 16,489 shares of the company’s stock after purchasing an additional 543 shares during the period. National Asset Management Inc.’s holdings in Unilever were worth $962,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Lenox Wealth Management Inc. increased its position in shares of Unilever by 3,300.0% during the fourth quarter. Lenox Wealth Management Inc. now owns 476 shares of the company’s stock valued at $26,000 after purchasing an additional 462 shares during the period. JNBA Financial Advisors bought a new stake in shares of Unilever during the fourth quarter valued at approximately $27,000. Gemmer Asset Management LLC increased its position in shares of Unilever by 279.2% during the first quarter. Gemmer Asset Management LLC now owns 455 shares of the company’s stock valued at $27,000 after purchasing an additional 335 shares during the period. C J Advisory Inc bought a new stake in shares of Unilever during the first quarter valued at approximately $27,000. Finally, Pin Oak Investment Advisors Inc. grew its position in 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 acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 7.78% of the company’s stock.
A number of analysts have weighed in on the company. Credit Suisse Group upgraded Unilever from a “neutral” rating to an “outperform” rating in a research report on Friday, May 3rd. Zacks Investment Research cut Unilever from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. DZ Bank cut Unilever from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Barclays assumed coverage on Unilever in a research report on Tuesday, April 9th. They issued an “underweight” rating on the stock. Finally, BNP Paribas cut Unilever from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Unilever currently has a consensus rating of “Hold” and a consensus price target of $63.50.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Friday, May 3rd will be given a $0.4641 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 3.09%. This is a boost from Unilever’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, May 2nd. Unilever’s dividend payout ratio is 57.04%.
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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