Trading Report: The Unilever NV (UN) Position Increased by Cooke & Bieler LP

The Unilever NV (UN) Position Increased by Cooke & Bieler LP

Cooke & Bieler LP raised its position in Unilever NV (NYSE:UN) by 25.3% during the second quarter, Holdings Channel reports. The institutional investor owned 1,516,971 shares of the company’s stock after buying an additional 306,685 shares during the period. Unilever NV comprises about 1.6% of Cooke & Bieler LP’s holdings, making the stock its 29th largest position. Cooke & Bieler LP’s holdings in Unilever NV were worth $71,206,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UN. Ledyard National Bank boosted its position in Unilever NV by 88.5% in the second quarter. Ledyard National Bank now owns 3,547 shares of the company’s stock worth $166,000 after buying an additional 1,665 shares in the last quarter. Physicians Financial Services Inc. boosted its stake in shares of 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. Grimes & Company Inc. purchased a new stake in shares of Unilever NV during the second quarter valued at about $201,000. Pennsylvania Trust Co purchased a new stake in shares of Unilever NV during the second quarter valued at about $230,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of Unilever NV during the first quarter valued at about $242,000. 6.60% of the stock is currently owned by institutional investors.

Unilever NV (NYSE:UN) traded down 0.99% during mid-day trading on Monday, reaching $42.79. The company had a trading volume of 1,902,526 shares. The stock has a market capitalization of $121.47 billion, a price-to-earnings ratio of 22.21 and a beta of 0.82. Unilever NV has a 52 week low of $40.03 and a 52 week high of $48.00. The stock has a 50 day moving average of $45.82 and a 200 day moving average of $45.43.

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

Several analysts have recently issued reports on UN shares. Zacks Investment Research raised Unilever NV from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Tuesday, September 20th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Unilever NV in a report on Monday, August 22nd. RBC Capital Markets cut Unilever NV from an “outperform” rating to a “sector perform” rating in a report on Friday, July 22nd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Unilever NV in a report on Thursday, September 22nd. Finally, Royal Bank Of Canada cut Unilever NV from an “outperform” rating to a “sector perform” rating in a report on Friday, July 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $41.00.

About Unilever NV

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.

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