Argus Investors Counsel Inc. Raises Position in Unilever NV (NYSE:UN)

Argus Investors Counsel Inc. raised its holdings in shares of Unilever NV (NYSE:UN) by 93.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 111,662 shares of the company’s stock after acquiring an additional 53,910 shares during the quarter. Argus Investors Counsel Inc.’s holdings in Unilever were worth $6,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Naples Global Advisors LLC bought a new stake in shares of Unilever in the 2nd quarter worth about $474,000. Douglass Winthrop Advisors LLC increased its holdings in shares of Unilever by 4.2% in the 2nd quarter. Douglass Winthrop Advisors LLC now owns 9,431 shares of the company’s stock worth $573,000 after buying an additional 381 shares during the last quarter. Sanders Morris Harris LLC bought a new stake in shares of Unilever in the 2nd quarter worth about $648,000. Carroll Financial Associates Inc. increased its holdings in shares of Unilever by 2.5% in the 2nd quarter. Carroll Financial Associates Inc. now owns 21,250 shares of the company’s stock worth $1,290,000 after buying an additional 511 shares during the last quarter. Finally, Cox Capital Mgt LLC increased its holdings in shares of Unilever by 2.5% in the 2nd quarter. Cox Capital Mgt LLC now owns 24,188 shares of the company’s stock worth $1,469,000 after buying an additional 582 shares during the last quarter. Institutional investors and hedge funds own 7.56% of the company’s stock.

Shares of UN stock traded down $0.13 during trading hours on Tuesday, reaching $60.45. 960,955 shares of the stock were exchanged, compared to its average volume of 1,189,317. Unilever NV has a 12-month low of $52.08 and a 12-month high of $62.40. The stock’s 50-day moving average is $61.07. The company has a market cap of $104.36 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 2.63 and a beta of 0.55.

A number of analysts have recently weighed in on UN shares. DZ Bank downgraded shares of Unilever from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Saturday, July 13th. Barclays set a $192.00 target price on shares of Tesla and gave the stock a “sell” rating in a report on Tuesday, April 9th. Finally, Credit Suisse Group set a $77.00 target price on shares of Monster Beverage and gave the stock a “buy” rating in a report on Friday, May 3rd. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $66.50.

About Unilever

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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Institutional Ownership by Quarter for Unilever (NYSE:UN)

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