Private Harbour Investment Management & Counsel LLC Cuts Stake in Unilever NV (UN)

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Private Harbour Investment Management & Counsel LLC cut its position in Unilever NV (NYSE:UN) by 14.7% during the first quarter, HoldingsChannel.com reports. The firm owned 28,127 shares of the company’s stock after selling 4,835 shares during the period. Unilever makes up approximately 1.7% of Private Harbour Investment Management & Counsel LLC’s portfolio, making the stock its 22nd largest position. Private Harbour Investment Management & Counsel LLC’s holdings in Unilever were worth $1,640,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in UN. Ronna Sue Cohen grew its holdings in Unilever by 5,374.5% during the first quarter. Ronna Sue Cohen now owns 2,845,893 shares of the company’s stock worth $2,846,000 after acquiring an additional 2,793,908 shares during the period. Boston Partners acquired a new stake in Unilever during the first quarter worth about $30,100,000. Inverness Counsel LLC NY grew its holdings in Unilever by 761.0% during the fourth quarter. Inverness Counsel LLC NY now owns 552,816 shares of the company’s stock worth $29,741,000 after acquiring an additional 488,608 shares during the period. BlackRock Inc. grew its holdings in Unilever by 2.4% during the fourth quarter. BlackRock Inc. now owns 4,981,957 shares of the company’s stock worth $268,029,000 after acquiring an additional 117,523 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Unilever during the fourth quarter worth about $6,004,000. 7.78% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have commented on the company. DZ Bank lowered Unilever from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Credit Suisse Group raised Unilever from a “neutral” rating to an “outperform” rating in a report on Friday, May 3rd. Zacks Investment Research lowered Unilever from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. BNP Paribas lowered Unilever from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 27th. Finally, Barclays assumed coverage on Unilever in a report on Tuesday, April 9th. They issued an “underweight” rating on the stock. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $63.50.

NYSE UN opened at $60.43 on Friday. The company has a market capitalization of $102.28 billion, a PE ratio of 21.73, a PEG ratio of 3.09 and a beta of 0.61. Unilever NV has a 1-year low of $52.08 and a 1-year high of $60.59.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Friday, May 3rd will be given a $0.4641 dividend. This represents a $1.86 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, May 2nd. This is an increase from Unilever’s previous quarterly dividend of $0.44. Unilever’s dividend payout ratio (DPR) is 57.04%.

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Unilever Company Profile

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.

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Institutional Ownership by Quarter for Unilever (NYSE:UN)

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