Trading Report: Today, Advisors Asset Management Inc. reduces its investment in Unilever NV (UN)

Today, Advisors Asset Management Inc. reduces its investment in Unilever NV (UN)

Advisors Asset Management Inc. lowered its stake in Unilever NV (NYSE:UN) by 10.5% during the third quarter, Holdings Channel reports. The firm owned 16,368 shares of the company’s stock after selling 1,911 shares during the period. Advisors Asset Management Inc.’s holdings in Unilever NV were worth $755,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. BlackRock Japan Co. Ltd purchased a new stake in Unilever NV during the second quarter valued at approximately $104,000. Capital International Inc. CA purchased a new stake in Unilever NV during the second quarter valued at approximately $122,000. Ledyard National Bank raised its stake in Unilever NV by 88.5% in the second quarter. Ledyard National Bank now owns 3,547 shares of the company’s stock valued at $166,000 after buying an additional 1,665 shares during the period. First Interstate Bank raised its stake in Unilever NV by 26.1% in the second quarter. First Interstate Bank now owns 3,625 shares of the company’s stock valued at $170,000 after buying an additional 750 shares during the period. Finally, Physicians Financial Services Inc. raised its stake in Unilever NV by 13.4% in the second quarter. Physicians Financial Services Inc. now owns 3,729 shares of the company’s stock valued at $175,000 after buying an additional 440 shares during the period. Institutional investors own 6.46% of the company’s stock.

Unilever NV (NYSE:UN) traded up 2.53% on Friday, reaching $39.64. The company had a trading volume of 3,295,762 shares. The stock has a 50 day moving average price of $41.70 and a 200 day moving average price of $44.63. Unilever NV has a 52-week low of $38.41 and a 52-week high of $48.00. The stock has a market capitalization of $112.53 billion, a PE ratio of 21.40 and a beta of 0.84.

The company also recently disclosed a dividend, which will be paid on Wednesday, December 7th. Investors of record on Friday, October 28th will be given a $0.301 dividend. The ex-dividend date is Wednesday, October 26th.

Several brokerages have recently weighed in on UN. Zacks Investment Research cut Unilever NV from a “hold” rating to a “sell” rating in a report on Tuesday, November 8th. Sanford C. Bernstein restated an “outperform” rating on shares of Unilever NV in a report on Monday, August 22nd. Citigroup Inc. upgraded Unilever NV from a “neutral” rating to a “buy” rating in a report on Wednesday, August 31st. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Unilever NV in a report on Thursday, September 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $41.00.

Unilever NV Company Profile

Unilever N.V. is a fast moving consumer goods company. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. Its Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products. Its Foods segment includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads.

Related posts

Leave a Comment