Unilever NV (UN) Shares Sold by Boston Common Asset Management LLC
Boston Common Asset Management LLC lowered its position in Unilever NV (NYSE:UN) by 13.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 308,492 shares of the company’s stock after selling 49,245 shares during the period. Unilever NV makes up approximately 2.2% of Boston Common Asset Management LLC’s investment portfolio, making the stock its 7th biggest holding. Boston Common Asset Management LLC’s holdings in Unilever NV were worth $17,050,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in UN. BlackRock Inc. lifted its stake in Unilever NV by 416,585.0% in the first quarter. BlackRock Inc. now owns 9,167,071 shares of the company’s stock worth $455,420,000 after purchasing an additional 9,164,871 shares during the last quarter. FMR LLC lifted its stake in Unilever NV by 297.2% in the first quarter. FMR LLC now owns 11,804,556 shares of the company’s stock worth $586,450,000 after purchasing an additional 8,832,563 shares during the last quarter. Wellington Management Group LLP lifted its stake in Unilever NV by 22.6% in the first quarter. Wellington Management Group LLP now owns 21,933,059 shares of the company’s stock worth $1,089,635,000 after purchasing an additional 4,042,634 shares during the last quarter. United States Steel & Carnegie Pension Fund bought a new stake in Unilever NV in the first quarter worth about $42,782,000. Finally, Point72 Asset Management L.P. bought a new stake in Unilever NV in the first quarter worth about $32,188,000. 8.97% of the stock is owned by institutional investors and hedge funds.
Unilever NV (UN) traded up 1.20% during mid-day trading on Friday, hitting $59.04. 1,574,160 shares of the stock traded hands. Unilever NV has a 12 month low of $38.41 and a 12 month high of $60.90. The stock has a 50-day moving average price of $59.20 and a 200-day moving average price of $55.04. The stock has a market cap of $166.05 billion, a P/E ratio of 24.21 and a beta of 0.90.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th were issued a $0.352 dividend. The ex-dividend date was Wednesday, August 2nd. This represents a $1.41 annualized dividend and a dividend yield of 2.38%.
UN has been the subject of several analyst reports. Royal Bank Of Canada downgraded shares of Unilever NV from a “sector perform” rating to an “underperform” rating in a research note on Thursday, August 10th. BidaskClub raised shares of Unilever NV from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research raised shares of Unilever NV from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Tuesday, June 6th. UBS AG reissued a “neutral” rating on shares of Unilever NV in a research note on Monday, July 17th. Finally, J P Morgan Chase & Co reissued a “neutral” rating on shares of Unilever NV in a research note on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Unilever NV currently has an average rating of “Buy” and an average target price of $65.00.
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Unilever NV 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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