Kings Point Capital Management reduced its position in shares of Unilever NV (NYSE:UN) by 3.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 40,123 shares of the company’s stock after selling 1,616 shares during the period. Kings Point Capital Management’s holdings in Unilever NV were worth $2,218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UN. Buckingham Asset Management LLC boosted its position in shares of Unilever NV by 11.1% in the second quarter. Buckingham Asset Management LLC now owns 5,766 shares of the company’s stock worth $319,000 after buying an additional 576 shares during the period. Cobblestone Capital Advisors LLC NY boosted its position in shares of Unilever NV by 7.0% in the second quarter. Cobblestone Capital Advisors LLC NY now owns 106,966 shares of the company’s stock worth $5,912,000 after buying an additional 7,006 shares during the period. iAB Financial Bank boosted its position in shares of Unilever NV by 0.7% in the second quarter. iAB Financial Bank now owns 6,850 shares of the company’s stock worth $379,000 after buying an additional 50 shares during the period. William Blair Investment Management LLC boosted its position in shares of Unilever NV by 17.6% in the second quarter. William Blair Investment Management LLC now owns 84,496 shares of the company’s stock worth $4,670,000 after buying an additional 12,634 shares during the period. Finally, Evercore Trust Company N.A. boosted its position in shares of Unilever NV by 11.9% in the second quarter. Evercore Trust Company N.A. now owns 1,421,632 shares of the company’s stock worth $78,574,000 after buying an additional 151,194 shares during the period. 9.04% of the stock is currently owned by institutional investors and hedge funds.

Unilever NV (NYSE:UN) traded up 0.75% during mid-day trading on Friday, hitting $59.27. The company had a trading volume of 948,289 shares. The stock has a market capitalization of $166.70 billion, a PE ratio of 24.83 and a beta of 0.90. The stock has a 50 day moving average price of $57.82 and a 200-day moving average price of $53.13. Unilever NV has a 1-year low of $38.41 and a 1-year high of $59.42.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Friday, August 4th will be given a dividend of $0.352 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Wednesday, August 2nd.

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UN has been the topic of a number of recent research reports. Royal Bank Of Canada cut Unilever NV from a “sector perform” rating to an “underperform” rating in a research note on Thursday, August 10th. Zacks Investment Research cut Unilever NV from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. BidaskClub raised Unilever NV from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, UBS AG reaffirmed a “neutral” rating on shares of Unilever NV in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $65.00.

About Unilever NV

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.

Institutional Ownership by Quarter for Unilever NV (NYSE:UN)

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