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.
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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