Traders Buy Large Volume of Unilever Call Options (UN)
Unilever NV (NYSE:UN) was the recipient of unusually large options trading on Friday. Stock investors purchased 2,778 call options on the company. This is an increase of 1,229% compared to the typical volume of 209 call options.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in UN. Spears Abacus Advisors LLC purchased a new position in Unilever during the 2nd quarter worth $202,000. Bath Savings Trust Co purchased a new position in Unilever during the 3rd quarter worth $207,000. Cetera Advisors LLC purchased a new position in Unilever during the 3rd quarter worth $226,000. Quadrant Capital Group LLC increased its holdings in Unilever by 10.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 5,356 shares of the company’s stock worth $276,000 after purchasing an additional 515 shares during the period. Finally, White Lighthouse Investment Management Inc. purchased a new position in Unilever during the 4th quarter worth $282,000. Institutional investors own 8.67% of the company’s stock.
Several research analysts have commented on UN shares. Zacks Investment Research downgraded Unilever from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Unilever in a report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Unilever has an average rating of “Hold” and an average price target of $66.00.
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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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