Unilever NV (UN) Shares Sold by Lazard Asset Management LLC
Lazard Asset Management LLC lowered its stake in shares of Unilever NV (NYSE:UN) by 21.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 214,779 shares of the company’s stock after selling 60,248 shares during the quarter. Lazard Asset Management LLC’s holdings in Unilever NV were worth $11,869,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc. acquired a new stake in Unilever NV during the second quarter worth approximately $127,000. Proficio Capital Partners LLC grew its position in shares of Unilever NV by 503.0% during the first quarter. Proficio Capital Partners LLC now owns 2,647 shares of the company’s stock worth $148,000 after acquiring an additional 2,208 shares during the last quarter. SRS Capital Advisors Inc. grew its position in shares of Unilever NV by 10.9% during the first quarter. SRS Capital Advisors Inc. now owns 2,694 shares of the company’s stock worth $133,000 after acquiring an additional 264 shares during the last quarter. Bollard Group LLC grew its position in shares of Unilever NV by 16.2% during the second quarter. Bollard Group LLC now owns 3,485 shares of the company’s stock worth $193,000 after acquiring an additional 487 shares during the last quarter. Finally, Park National Corp OH purchased a new position in shares of Unilever NV during the second quarter worth approximately $200,000. 8.97% of the stock is currently owned by institutional investors.
A number of brokerages have recently issued reports on UN. J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever NV in a research report on Thursday, September 7th. Royal Bank Of Canada lowered shares of Unilever NV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, August 10th. BidaskClub upgraded shares of Unilever NV from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Zacks Investment Research upgraded shares of Unilever NV from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Tuesday, June 6th. Finally, UBS AG restated a “neutral” rating on shares of Unilever NV in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $65.00.
Unilever NV (NYSE:UN) opened at 58.61 on Friday. The stock has a market capitalization of $164.84 billion, a price-to-earnings ratio of 24.14 and a beta of 0.90. The company has a 50-day moving average of $59.20 and a 200-day moving average of $55.04. Unilever NV has a 52-week low of $38.41 and a 52-week high of $60.90.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Friday, August 4th were given a $0.352 dividend. This represents a $1.41 annualized dividend and a yield of 2.40%. The ex-dividend date was Wednesday, August 2nd.
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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