Synovus Financial Corp raised its position in shares of Unilever NV (NYSE:UN) by 19.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,343 shares of the company’s stock after acquiring an additional 3,890 shares during the period. Synovus Financial Corp’s holdings in Unilever were worth $1,440,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of UN. Pinnacle Financial Partners Inc. bought a new position in Unilever during the second quarter valued at $127,000. Proficio Capital Partners LLC boosted its stake in shares of Unilever by 2.5% during the second quarter. Proficio Capital Partners LLC now owns 2,713 shares of the company’s stock valued at $157,000 after purchasing an additional 66 shares during the period. Spears Abacus Advisors LLC purchased a new stake in shares of Unilever during the second quarter valued at $202,000. Bath Savings Trust Co purchased a new stake in shares of Unilever during the third quarter valued at $207,000. Finally, Bourgeon Capital Management LLC purchased a new stake in shares of Unilever during the second quarter valued at $213,000. Institutional investors and hedge funds own 8.69% of the company’s stock.
A number of analysts have recently issued reports on the stock. J P Morgan Chase & Co reissued a “neutral” rating on shares of Unilever in a research note on Thursday, September 7th. BidaskClub raised shares of Unilever from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Zacks Investment Research lowered shares of Unilever from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, Royal Bank Of Canada lowered shares of Unilever from a “sector perform” rating to an “underperform” rating in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $66.00.
Shares of Unilever NV (NYSE:UN) traded up $0.31 on Thursday, hitting $57.57. 1,158,900 shares of the stock were exchanged, compared to its average volume of 2,058,838. Unilever NV has a 1 year low of $39.22 and a 1 year high of $61.62.
The business also recently announced a dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 3rd will be paid a dividend of $0.422 per share. This is a positive change from Unilever’s previous dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 2nd.
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Unilever 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.
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