Eagle Ridge Investment Management Sells 840 Shares of Unilever N.V. (NYSE:UL)

Eagle Ridge Investment Management cut its holdings in Unilever N.V. (NYSE:UL) by 11.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,435 shares of the company’s stock after selling 840 shares during the period. Eagle Ridge Investment Management’s holdings in Unilever were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. CX Institutional bought a new position in Unilever in the 2nd quarter valued at $25,000. Ropes Wealth Advisors LLC bought a new position in Unilever in the 2nd quarter valued at $26,000. Strategy Asset Managers LLC bought a new position in Unilever in the 1st quarter valued at $25,000. Interactive Financial Advisors bought a new position in Unilever in the 1st quarter valued at $29,000. Finally, Lenox Wealth Management Inc. boosted its holdings in Unilever by 225.3% in the 2nd quarter. Lenox Wealth Management Inc. now owns 566 shares of the company’s stock valued at $35,000 after purchasing an additional 392 shares during the period. 7.03% of the stock is owned by institutional investors.

Shares of NYSE UL traded up $0.58 during mid-day trading on Thursday, reaching $60.04. 117,500 shares of the company were exchanged, compared to its average volume of 599,435. Unilever N.V. has a 52 week low of $50.80 and a 52 week high of $64.10. The stock has a market cap of $69.50 billion, a PE ratio of 21.69, a PEG ratio of 2.53 and a beta of 0.55. The stock has a 50 day moving average of $61.52.

Several research analysts have commented on the stock. HSBC assumed coverage on shares of Unilever in a report on Friday, June 28th. They issued a “hold” rating for the company. DZ Bank downgraded shares of Unilever from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Zacks Investment Research downgraded shares of Unilever from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Credit Suisse Group raised shares of Unilever from a “neutral” rating to an “outperform” rating in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, five have issued 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 price target of $66.00.

Unilever Company Profile

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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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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