Unilever N.V. (NYSE:UL) Position Lowered by Ingalls & Snyder LLC

Ingalls & Snyder LLC lessened its position in shares of Unilever N.V. (NYSE:UL) by 19.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 184,294 shares of the company’s stock after selling 44,649 shares during the period. Ingalls & Snyder LLC’s holdings in Unilever were worth $10,637,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in UL. Highwater Wealth Management LLC acquired a new stake in shares of Unilever in the fourth quarter worth $29,000. CNB Bank acquired a new stake in shares of Unilever in the fourth quarter worth $30,000. Lindbrook Capital LLC acquired a new stake in Unilever during the fourth quarter valued at $31,000. Pinnacle Bank acquired a new stake in Unilever during the fourth quarter valued at $32,000. Finally, Sontag Advisory LLC acquired a new stake in Unilever during the fourth quarter valued at $33,000. 6.43% of the stock is currently owned by institutional investors.

Unilever stock opened at $60.52 on Friday. Unilever N.V. has a 52 week low of $50.80 and a 52 week high of $61.08. The stock has a market capitalization of $70.72 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 3.31 and a beta of 0.64.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Friday, May 3rd will be paid a dividend of $0.4641 per share. This represents a $1.86 annualized dividend and a yield of 3.07%. This is a positive change from Unilever’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, May 2nd. Unilever’s payout ratio is currently 66.43%.

A number of analysts recently issued reports on the company. Credit Suisse Group raised Unilever from a “neutral” rating to an “outperform” rating in a research report on Friday. DZ Bank lowered Unilever from a “buy” rating to a “hold” rating in a report on Thursday, April 25th. Zacks Investment Research upgraded Unilever from a “hold” rating to a “strong-buy” rating and set a $66.00 target price on the stock in a report on Friday, March 22nd. BNP Paribas lowered Unilever from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 27th. Finally, Exane BNP Paribas lowered Unilever from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Unilever has a consensus rating of “Hold” and a consensus price target of $66.00.

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Unilever 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.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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