Sterling Capital Management LLC Grows Holdings in Unilever NV (UN)
Sterling Capital Management LLC grew its stake in Unilever NV (NYSE:UN) by 19.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,749 shares of the company’s stock after buying an additional 4,767 shares during the period. Sterling Capital Management LLC’s holdings in Unilever were worth $1,697,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. Bath Savings Trust Co bought a new stake in Unilever during the 3rd quarter valued at $207,000. Spears Abacus Advisors LLC bought a new stake in Unilever during the 2nd quarter valued at $202,000. Bronfman E.L. Rothschild L.P. raised its holdings in Unilever by 1.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,149 shares of the company’s stock valued at $229,000 after buying an additional 70 shares during the last quarter. Strategic Advisors LLC bought a new stake in Unilever during the 2nd quarter valued at $251,000. Finally, Northwest Quadrant Wealth Management LLC raised its holdings in Unilever by 0.6% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 4,726 shares of the company’s stock valued at $277,000 after buying an additional 26 shares during the last quarter. 8.67% of the stock is owned by institutional investors and hedge funds.
Unilever NV (NYSE UN) opened at $57.32 on Tuesday. Unilever NV has a 1-year low of $40.06 and a 1-year high of $61.62.
A number of research firms recently commented on UN. Zacks Investment Research upgraded shares of Unilever from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Thursday, September 28th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever in a report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Unilever presently has a consensus rating of “Hold” and a consensus target price of $66.00.
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Unilever Company Profile
Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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