King Luther Capital Management Corp Buys New Stake in Unilever NV (UN)

King Luther Capital Management Corp bought a new stake in shares of Unilever NV (NYSE:UN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 51,100 shares of the company’s stock, valued at approximately $2,824,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in UN. BlackRock Inc. grew its position in Unilever NV by 416,585.0% during the first quarter. BlackRock Inc. now owns 9,167,071 shares of the company’s stock valued at $455,420,000 after buying an additional 9,164,871 shares during the period. FMR LLC grew its position in Unilever NV by 297.2% during the first quarter. FMR LLC now owns 11,804,556 shares of the company’s stock valued at $586,450,000 after buying an additional 8,832,563 shares during the period. Wellington Management Group LLP grew its position in Unilever NV by 22.6% during the first quarter. Wellington Management Group LLP now owns 21,933,059 shares of the company’s stock valued at $1,089,635,000 after buying an additional 4,042,634 shares during the period. Fort Washington Investment Advisors Inc. OH grew its position in Unilever NV by 9,088.7% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,411,193 shares of the company’s stock valued at $70,208,000 after buying an additional 1,395,835 shares during the period. Finally, United States Steel & Carnegie Pension Fund bought a new stake in Unilever NV during the first quarter valued at approximately $42,782,000. Institutional investors own 8.97% of the company’s stock.

Unilever NV (NYSE:UN) opened at 60.38 on Monday. The company has a market cap of $169.82 billion, a price-to-earnings ratio of 24.87 and a beta of 0.90. The company’s 50 day moving average is $59.06 and its 200-day moving average is $54.74. Unilever NV has a 12 month low of $38.41 and a 12 month high of $60.90.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Friday, August 4th were issued a dividend of $0.352 per share. This represents a $1.41 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Wednesday, August 2nd.

A number of research firms have weighed in on UN. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Unilever NV in a research report on Thursday, September 7th. BidaskClub upgraded shares of Unilever NV from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Royal Bank Of Canada lowered shares of Unilever NV from a “sector perform” rating to an “underperform” rating in a research report on Thursday, August 10th. UBS AG reiterated a “neutral” rating on shares of Unilever NV in a research report on Monday, July 17th. Finally, Zacks Investment Research upgraded shares of Unilever NV from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Unilever NV has a consensus rating of “Buy” and a consensus target price of $65.00.

ILLEGAL ACTIVITY NOTICE: This piece was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this piece can be read at https://www.chaffeybreeze.com/2017/09/18/king-luther-capital-management-corp-buys-new-stake-in-unilever-nv-un.html.

Unilever NV 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.

Institutional Ownership by Quarter for Unilever NV (NYSE:UN)

Receive News & Ratings for Unilever NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever NV and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply