Principal Financial Group Inc. Purchases New Position in Unilever NV (UN)

Principal Financial Group Inc. purchased a new stake in Unilever NV (NYSE:UN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,153 shares of the company’s stock, valued at approximately $727,000.

Other institutional investors have also made changes to their positions in the company. Pinnacle Financial Partners Inc. purchased a new position in shares of Unilever NV in the 2nd quarter valued at about $127,000. Proficio Capital Partners LLC increased its stake in shares of Unilever NV by 503.0% in the 1st quarter. Proficio Capital Partners LLC now owns 2,647 shares of the company’s stock valued at $148,000 after purchasing an additional 2,208 shares in the last quarter. Bollard Group LLC increased its stake in shares of Unilever NV by 16.2% in the 2nd 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. Park National Corp OH purchased a new position in shares of Unilever NV in the 2nd quarter valued at about $200,000. Finally, Roffman Miller Associates Inc. PA purchased a new position in shares of Unilever NV in the 2nd quarter valued at about $201,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.

Several equities analysts recently weighed in on UN shares. BidaskClub upgraded Unilever NV from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research upgraded Unilever NV from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research note on Thursday, October 5th. UBS AG reiterated a “neutral” rating on shares of Unilever NV in a research note on Monday, July 17th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever NV in a research note on Thursday, September 7th. Finally, Royal Bank Of Canada lowered Unilever NV from a “sector perform” rating to an “underperform” rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Unilever NV presently has a consensus rating of “Hold” and an average target price of $66.00.

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Shares of Unilever NV (UN) opened at 59.75 on Thursday. Unilever NV has a 1-year low of $38.41 and a 1-year high of $60.90. The firm’s 50-day moving average price is $59.41 and its 200 day moving average price is $56.13. The stock has a market capitalization of $168.05 billion, a price-to-earnings ratio of 24.50 and a beta of 0.89.

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.

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

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