Unilever NV (UN) Holdings Reduced by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its holdings in Unilever NV (NYSE:UN) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 244,025 shares of the company’s stock after selling 6,027 shares during the quarter. Hsbc Holdings PLC’s holdings in Unilever were worth $13,555,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. Hartford Financial Management Inc. bought a new stake in Unilever in the second quarter valued at about $104,000. Stratos Wealth Partners LTD. bought a new stake in Unilever in the third quarter valued at about $110,000. Wedbush Securities Inc. bought a new stake in Unilever in the second quarter valued at about $202,000. 180 Wealth Advisors LLC bought a new stake in Unilever in the second quarter valued at about $203,000. Finally, Valeo Financial Advisors LLC bought a new stake in Unilever in the second quarter valued at about $215,000. 8.22% of the stock is currently owned by institutional investors.

UN stock opened at $55.51 on Monday. The stock has a market cap of $95.18 billion, a PE ratio of 21.94, a PEG ratio of 3.66 and a beta of 0.78. Unilever NV has a fifty-two week low of $51.56 and a fifty-two week high of $58.72.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Friday, November 2nd will be given a dividend of $0.4487 per share. The ex-dividend date is Thursday, November 1st. This represents a $1.79 annualized dividend and a dividend yield of 3.23%. Unilever’s dividend payout ratio is currently 60.47%.

A number of research firms recently commented on UN. Zacks Investment Research downgraded Unilever from a “buy” rating to a “hold” rating in a report on Thursday, September 20th. Argus upped their price objective on Unilever to $65.00 and gave the company an “average” rating in a report on Tuesday, August 21st. Finally, Jefferies Financial Group downgraded Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $65.00.

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About Unilever

Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The company operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, Vaseline, Dermalogica, Murad, Dollar Shave Club, Zest & Camay, and Seventh Generation brands.

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Institutional Ownership by Quarter for Unilever (NYSE:UN)

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