Cooke & Bieler LP trimmed its position in shares of Unilever NV (NYSE:UN) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 698,897 shares of the company’s stock after selling 12,008 shares during the quarter. Cooke & Bieler LP’s holdings in Unilever were worth $39,362,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of the company. Bollard Group LLC raised its position in shares of Unilever by 15.2% during the fourth quarter. Bollard Group LLC now owns 7,122 shares of the company’s stock worth $401,000 after purchasing an additional 939 shares during the period. Gardiner Nancy B raised its position in shares of Unilever by 18.9% during the third quarter. Gardiner Nancy B now owns 6,300 shares of the company’s stock worth $372,000 after purchasing an additional 1,000 shares during the period. Bourgeon Capital Management LLC raised its position in shares of Unilever by 26.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 4,850 shares of the company’s stock worth $273,000 after purchasing an additional 1,000 shares during the period. Buckingham Asset Management LLC raised its position in shares of Unilever by 17.6% during the third quarter. Buckingham Asset Management LLC now owns 6,780 shares of the company’s stock worth $400,000 after purchasing an additional 1,014 shares during the period. Finally, Oppenheimer & Co. Inc. raised its position in shares of Unilever by 6.7% during the third quarter. Oppenheimer & Co. Inc. now owns 16,835 shares of the company’s stock worth $994,000 after purchasing an additional 1,055 shares during the period. 8.89% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on UN. ABN Amro upgraded Unilever from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Investec upgraded Unilever from a “hold” rating to a “buy” rating in a report on Monday, January 29th. Zacks Investment Research upgraded Unilever from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a report on Monday, December 18th. Two equities research analysts have 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’s stock. Unilever presently has a consensus rating of “Hold” and an average target price of $66.00.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Friday, February 16th will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.78 annualized dividend and a yield of 3.33%. This is an increase from Unilever’s previous quarterly dividend of $0.35. Unilever’s dividend payout ratio is 54.37%.
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Unilever 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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