Parallel Advisors LLC Trims Stake in Unilever NV (UN)

Parallel Advisors LLC decreased its holdings in shares of Unilever NV (NYSE:UN) by 22.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,073 shares of the company’s stock after selling 314 shares during the period. Parallel Advisors LLC’s holdings in Unilever were worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Lenox Wealth Management Inc. lifted its stake in Unilever by 3,300.0% during the fourth quarter. Lenox Wealth Management Inc. now owns 476 shares of the company’s stock valued at $26,000 after buying an additional 462 shares in the last quarter. JNBA Financial Advisors purchased a new stake in Unilever during the fourth quarter valued at about $27,000. Gemmer Asset Management LLC lifted its stake in Unilever by 279.2% during the first quarter. Gemmer Asset Management LLC now owns 455 shares of the company’s stock valued at $27,000 after buying an additional 335 shares in the last quarter. C J Advisory Inc purchased a new stake in Unilever during the first quarter valued at about $27,000. Finally, Pin Oak Investment Advisors Inc. lifted its stake in Unilever by 129.3% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 532 shares of the company’s stock valued at $29,000 after buying an additional 300 shares in the last quarter. Institutional investors own 7.75% of the company’s stock.

NYSE UN opened at $59.17 on Wednesday. The company has a market capitalization of $102.27 billion, a PE ratio of 21.36, a P/E/G ratio of 3.09 and a beta of 0.61. Unilever NV has a 52-week low of $52.08 and a 52-week high of $60.59.

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.14%. This is a positive change from Unilever’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, May 2nd. Unilever’s dividend payout ratio is 57.04%.

UN has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Unilever from a “sell” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Saturday, January 19th. DZ Bank lowered shares of Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. BNP Paribas lowered shares of Unilever from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. Credit Suisse Group raised shares of Unilever from a “neutral” rating to an “outperform” rating in a research report on Friday, May 3rd. Finally, Societe Generale started coverage on shares of Unilever in a research report on Tuesday, January 29th. They issued a “sell” rating for the company. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $63.50.

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Unilever 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.

Further Reading: Roth IRA

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Institutional Ownership by Quarter for Unilever (NYSE:UN)

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