Welch Group LLC Has $2.86 Million Stake in Unilever NV (UN)
Welch Group LLC decreased its position in Unilever NV (NYSE:UN) by 6.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,407 shares of the company’s stock after selling 3,308 shares during the period. Welch Group LLC’s holdings in Unilever NV were worth $2,858,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of UN. Pinnacle Financial Partners Inc. purchased a new stake in Unilever NV during the second quarter worth about $127,000. Proficio Capital Partners LLC lifted its holdings in shares of Unilever NV by 2.5% in the second quarter. Proficio Capital Partners LLC now owns 2,713 shares of the company’s stock valued at $157,000 after purchasing an additional 66 shares in the last quarter. Bollard Group LLC lifted its holdings in shares of Unilever NV by 16.2% in the second quarter. Bollard Group LLC now owns 3,485 shares of the company’s stock valued at $193,000 after purchasing an additional 487 shares in the last quarter. Bath Savings Trust Co purchased a new stake in shares of Unilever NV in the third quarter valued at about $207,000. Finally, Spears Abacus Advisors LLC acquired a new position in shares of Unilever NV in the second quarter valued at approximately $202,000. 9.03% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Unilever NV (NYSE UN) traded down $0.77 during mid-day trading on Friday, hitting $56.19. 674,257 shares of the stock traded hands, compared to its average volume of 2,114,266. Unilever NV has a fifty-two week low of $38.41 and a fifty-two week high of $61.62.
The company also recently announced a dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 3rd will be paid a $0.422 dividend. The ex-dividend date is Thursday, November 2nd. This is an increase from Unilever NV’s previous dividend of $0.30.
UN has been the subject of several research analyst reports. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Unilever NV in a research report on Thursday, September 7th. Zacks Investment Research raised shares of Unilever NV from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Thursday, October 5th. 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. Finally, BidaskClub raised shares of Unilever NV from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Unilever NV has an average rating of “Hold” and a consensus price target of $66.00.
Unilever NV 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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