JPMorgan Chase & Co. reduced its position in Unilever NV (NYSE:UN) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 746,335 shares of the company’s stock after selling 46,310 shares during the quarter. JPMorgan Chase & Co.’s holdings in Unilever were worth $43,541,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Pinnacle Financial Partners Inc. purchased a new position in Unilever in the second quarter valued at about $127,000. Proficio Capital Partners LLC grew its stake in Unilever by 2.5% in the second quarter. Proficio Capital Partners LLC now owns 2,713 shares of the company’s stock valued at $157,000 after purchasing an additional 66 shares during the last quarter. Spears Abacus Advisors LLC purchased a new position in Unilever in the second quarter valued at about $202,000. Bath Savings Trust Co purchased a new position in Unilever in the third quarter valued at about $207,000. Finally, Bourgeon Capital Management LLC purchased a new position in Unilever in the second quarter valued at about $213,000. Hedge funds and other institutional investors own 8.69% of the company’s stock.
UN has been the topic of several analyst reports. BidaskClub upgraded Unilever from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever in a research note on Thursday, September 7th. Finally, Zacks Investment Research lowered Unilever from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Unilever presently has a consensus rating of “Hold” and a consensus target price of $66.00.
The firm also recently declared a dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 3rd will be paid a dividend of $0.422 per share. This is a positive change from Unilever’s previous dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 2nd.
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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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