Unilever NV (UN) Shares Bought by Cribstone Capital Management LLC
Cribstone Capital Management LLC boosted its holdings in Unilever NV (NYSE:UN) by 15.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,112 shares of the company’s stock after buying an additional 405 shares during the period. Cribstone Capital Management LLC’s holdings in Unilever were worth $181,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of UN. Lenox Wealth Management Inc. raised its stake in shares of Unilever by 3,300.0% in the 4th quarter. Lenox Wealth Management Inc. now owns 476 shares of the company’s stock worth $26,000 after buying an additional 462 shares in the last quarter. JNBA Financial Advisors bought a new stake in shares of Unilever during the 4th quarter worth about $27,000. Pin Oak Investment Advisors Inc. boosted its stake in Unilever by 129.3% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 532 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares during the period. Clarus Wealth Advisors boosted its stake in Unilever by 76.5% during the 4th quarter. Clarus Wealth Advisors now owns 697 shares of the company’s stock valued at $38,000 after purchasing an additional 302 shares during the period. Finally, Lavaca Capital LLC acquired a new position in Unilever in the 4th quarter valued at approximately $39,000. 7.92% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on the company. Zacks Investment Research upgraded Unilever from a “sell” rating to a “hold” rating in a research report on Wednesday, December 12th. UBS Group downgraded Unilever from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 8th. Societe Generale started coverage on Unilever in a report on Tuesday, January 29th. They set a “sell” rating for the company. BNP Paribas cut Unilever from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 27th. Finally, Barclays assumed coverage on shares of Unilever in a research report on Tuesday. They issued an “underweight” rating for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $63.50.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, February 15th were given a $0.442 dividend. This is a boost from Unilever’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $1.77 dividend on an annualized basis and a dividend yield of 3.06%. Unilever’s payout ratio is presently 63.90%.
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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.
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