Inverness Counsel LLC NY Acquires Shares of 64,208 Unilever NV (UN)

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Inverness Counsel LLC NY acquired a new stake in Unilever NV (NYSE:UN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 64,208 shares of the company’s stock, valued at approximately $3,567,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wetherby Asset Management Inc. grew its holdings in Unilever by 3.4% during the second quarter. Wetherby Asset Management Inc. now owns 28,735 shares of the company’s stock worth $1,601,000 after purchasing an additional 937 shares during the period. Tower Bridge Advisors grew its holdings in Unilever by 12.1% during the second quarter. Tower Bridge Advisors now owns 9,250 shares of the company’s stock worth $515,000 after purchasing an additional 1,000 shares during the period. LPL Financial LLC grew its holdings in Unilever by 2.6% during the first quarter. LPL Financial LLC now owns 42,798 shares of the company’s stock worth $2,413,000 after purchasing an additional 1,068 shares during the period. Keybank National Association OH grew its holdings in Unilever by 1.1% during the second quarter. Keybank National Association OH now owns 102,830 shares of the company’s stock worth $5,730,000 after purchasing an additional 1,166 shares during the period. Finally, Wrapmanager Inc. grew its holdings in Unilever by 28.5% during the second quarter. Wrapmanager Inc. now owns 5,291 shares of the company’s stock worth $295,000 after purchasing an additional 1,173 shares during the period. Institutional investors own 8.36% of the company’s stock.

UN stock traded up $0.55 during mid-day trading on Tuesday, hitting $54.44. 308,833 shares of the company were exchanged, compared to its average volume of 1,744,562. The company has a market capitalization of $92.61 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 3.56 and a beta of 0.83. Unilever NV has a 1-year low of $51.56 and a 1-year high of $58.76.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Friday, November 2nd will be given a dividend of $0.4487 per share. The ex-dividend date is Thursday, November 1st. This represents a $1.79 annualized dividend and a yield of 3.30%. Unilever’s dividend payout ratio (DPR) is presently 60.87%.

A number of research firms recently commented on UN. Zacks Investment Research upgraded Unilever from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a report on Wednesday, August 1st. Argus lifted their price target on Unilever to $65.00 and gave the stock an “average” rating in a report on Tuesday, August 21st. Deutsche Bank restated a “buy” rating on shares of Unilever in a research report on Friday, July 20th. Finally, Jefferies Financial Group downgraded shares of Unilever from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $65.00.

About Unilever

Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The company operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, Vaseline, Dermalogica, Murad, Dollar Shave Club, Zest & Camay, and Seventh Generation brands.

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Institutional Ownership by Quarter for Unilever (NYSE:UN)

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