Ropes Wealth Advisors LLC purchased a new stake in Unilever N.V. (NYSE:UL) during the second quarter, HoldingsChannel reports. The firm purchased 423 shares of the company’s stock, valued at approximately $26,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CX Institutional bought a new position in Unilever during the 2nd quarter worth $25,000. Strategy Asset Managers LLC bought a new position in Unilever during the 1st quarter worth $25,000. Interactive Financial Advisors bought a new position in Unilever during the 1st quarter worth $29,000. Lenox Wealth Management Inc. increased its position in Unilever by 225.3% during the 2nd quarter. Lenox Wealth Management Inc. now owns 566 shares of the company’s stock worth $35,000 after buying an additional 392 shares during the period. Finally, Adirondack Trust Co. increased its position in Unilever by 258.8% during the 2nd quarter. Adirondack Trust Co. now owns 610 shares of the company’s stock worth $38,000 after buying an additional 440 shares during the period. Institutional investors and hedge funds own 7.03% of the company’s stock.

UL has been the topic of several recent research reports. DZ Bank cut Unilever from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Zacks Investment Research cut Unilever from a “hold” rating to a “sell” rating in a research report on Wednesday. HSBC initiated coverage on Unilever in a research report on Friday, June 28th. They set a “hold” rating on the stock. Finally, Credit Suisse Group upgraded Unilever from a “neutral” rating to an “outperform” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Unilever presently has a consensus rating of “Hold” and a consensus target price of $66.00.

UL opened at $60.05 on Thursday. The firm has a market cap of $69.50 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 2.53 and a beta of 0.55. Unilever N.V. has a 52-week low of $50.80 and a 52-week high of $64.10. The stock’s fifty day moving average is $61.52.

Unilever Company Profile

Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.

Further Reading: How is diluted EPS different from basic EPS?

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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