Coastline Trust Co trimmed its position in shares of Unilever NV (NYSE:UN) by 10.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,520 shares of the company’s stock after selling 1,380 shares during the quarter. Coastline Trust Co’s holdings in Unilever were worth $640,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Hartford Financial Management Inc. acquired a new position in shares of Unilever during the second quarter worth approximately $104,000. First PREMIER Bank acquired a new position in shares of Unilever during the second quarter worth approximately $113,000. Wedbush Securities Inc. acquired a new position in shares of Unilever during the second quarter worth approximately $202,000. 180 Wealth Advisors LLC acquired a new position in shares of Unilever during the second quarter worth approximately $203,000. Finally, Private Capital Group LLC lifted its position in shares of Unilever by 779.5% during the first quarter. Private Capital Group LLC now owns 3,694 shares of the company’s stock worth $208,000 after purchasing an additional 3,274 shares in the last quarter. 8.36% of the stock is currently owned by hedge funds and other institutional investors.
UN has been the topic of a number of research reports. Jefferies Financial Group lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research upgraded shares of Unilever from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a research report on Wednesday, August 1st. Argus upped their target price on shares of Unilever to $65.00 and gave the stock an “average” rating in a research report on Tuesday, August 21st. Finally, Deutsche Bank reiterated a “buy” rating on shares of Unilever in a research report on Friday, July 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Unilever has an average rating of “Hold” and an average price target of $65.00.
Unilever (NYSE:UN) last announced its quarterly earnings data on Thursday, July 19th. The company reported $1.33 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.33. Research analysts anticipate that Unilever NV will post 2.63 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Friday, November 2nd will be issued a $0.4487 dividend. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $1.79 annualized dividend and a yield of 3.29%. Unilever’s dividend payout ratio is currently 60.87%.
Unilever Company Profile
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.
Recommended Story: Growth Stocks, What They Are, What They Are Not
Want to see what other hedge funds are holding UN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unilever NV (NYSE:UN).
Receive News & Ratings for Unilever Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever and related companies with MarketBeat.com's FREE daily email newsletter.