BTC Capital Management Inc. Buys 66 Shares of Unilever NV (UN)

BTC Capital Management Inc. increased its stake in Unilever NV (NYSE:UN) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 18,402 shares of the company’s stock after buying an additional 66 shares during the period. BTC Capital Management Inc.’s holdings in Unilever NV were worth $1,018,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in Unilever NV by 416,585.0% in the first quarter. BlackRock Inc. now owns 9,167,071 shares of the company’s stock valued at $455,420,000 after buying an additional 9,164,871 shares during the period. FMR LLC increased its position in Unilever NV by 297.2% in the first quarter. FMR LLC now owns 11,804,556 shares of the company’s stock valued at $586,450,000 after buying an additional 8,832,563 shares during the period. Wellington Management Group LLP increased its position 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 valued at $1,089,635,000 after buying an additional 4,042,634 shares during the period. Fort Washington Investment Advisors Inc. OH increased its position in Unilever NV by 9,088.7% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,411,193 shares of the company’s stock valued at $70,208,000 after buying an additional 1,395,835 shares during the period. Finally, United States Steel & Carnegie Pension Fund bought a new position in Unilever NV during the first quarter valued at approximately $42,782,000. 9.16% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Unilever NV (NYSE:UN) opened at 57.95 on Friday. Unilever NV has a 52 week low of $38.41 and a 52 week high of $58.83. The company has a market cap of $162.98 billion, a P/E ratio of 24.18 and a beta of 0.90. The company’s 50-day moving average price is $56.85 and its 200 day moving average price is $51.74.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Friday, August 4th will be given a dividend of $0.352 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $1.41 dividend on an annualized basis and a yield of 2.43%.

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Several research analysts have recently commented on UN shares. Zacks Investment Research downgraded Unilever NV from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. BidaskClub raised Unilever NV from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. UBS AG reissued a “neutral” rating on shares of Unilever NV in a research note on Monday, July 17th. Finally, Royal Bank Of Canada downgraded Unilever NV from a “sector perform” rating to an “underperform” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $65.00.

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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Institutional Ownership by Quarter for Unilever NV (NYSE:UN)

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