Neuberger Berman Group LLC Decreases Stake in Unilever NV (NYSE:UN)
Neuberger Berman Group LLC cut its holdings in Unilever NV (NYSE:UN) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,166,102 shares of the company’s stock after selling 98,541 shares during the period. Neuberger Berman Group LLC’s holdings in Unilever were worth $168,745,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. RMR Wealth Builders acquired a new stake in Unilever in the second quarter valued at $129,000. Cheviot Value Management LLC grew its holdings in shares of Unilever by 12.0% during the second quarter. Cheviot Value Management LLC now owns 82,892 shares of the company’s stock worth $4,416,000 after purchasing an additional 8,889 shares during the last quarter. One Capital Management LLC grew its holdings in shares of Unilever by 4.7% during the second quarter. One Capital Management LLC now owns 53,012 shares of the company’s stock worth $2,824,000 after purchasing an additional 2,356 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of Unilever by 3.5% during the second quarter. Captrust Financial Advisors now owns 11,869 shares of the company’s stock worth $635,000 after purchasing an additional 402 shares during the last quarter. Finally, Balentine LLC purchased a new position in shares of Unilever during the second quarter worth about $79,000. Institutional investors own 7.95% of the company’s stock.
Shares of UN stock traded down $0.15 during midday trading on Wednesday, reaching $61.32. 47,013 shares of the company traded hands, compared to its average volume of 2,150,123. The firm’s 50 day simple moving average is $58.92 and its two-hundred day simple moving average is $53.19. Unilever NV has a 1-year low of $42.00 and a 1-year high of $61.93. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.86 and a quick ratio of 0.63. The firm has a market cap of $105.40 billion, a PE ratio of 21.49 and a beta of 0.47.
A number of equities analysts recently issued reports on UN shares. UBS Group lowered Unilever from a “neutral” rating to a “sell” rating in a report on Monday, June 29th. Royal Bank of Canada restated an “underperform” rating on shares of Unilever in a research report on Monday, July 6th. Barclays upgraded shares of Unilever from an “equal weight” rating to an “overweight” rating in a research report on Friday, July 24th. Credit Suisse Group restated an “outperform” rating on shares of Unilever in a research report on Monday, August 17th. Finally, Societe Generale upgraded shares of Unilever from a “sell” rating to a “buy” rating in a research report on Tuesday, July 28th. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $59.50.
Unilever N.V. operates in the fast-moving consumer goods industry worldwide. It operates in three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
Further Reading: What is the outlook for the FAANG stocks?
Want to see what other hedge funds are holding UN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unilever NV (NYSE:UN).
Receive News & Ratings for Unilever Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever and related companies with MarketBeat.com's FREE daily email newsletter.