Balyasny Asset Management LLC Sells 6,667 Shares of Unilever NV (NYSE:UN)
Balyasny Asset Management LLC trimmed its stake in shares of Unilever NV (NYSE:UN) by 51.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 6,299 shares of the company’s stock after selling 6,667 shares during the quarter. Balyasny Asset Management LLC’s holdings in Unilever were worth $336,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Engineers Gate Manager LP bought a new stake in shares of Unilever during the 1st quarter worth $234,000. Advisor Group Holdings Inc. bought a new position in shares of Unilever in the first quarter worth about $5,527,000. Courier Capital LLC boosted its stake in shares of Unilever by 19.5% in the 2nd quarter. Courier Capital LLC now owns 5,513 shares of the company’s stock valued at $298,000 after purchasing an additional 900 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Unilever by 40.7% in the 1st quarter. Principal Financial Group Inc. now owns 8,640 shares of the company’s stock valued at $422,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Unilever by 7.7% during the 1st quarter. Geode Capital Management LLC now owns 39,326 shares of the company’s stock valued at $1,918,000 after purchasing an additional 2,814 shares during the last quarter. 7.95% of the stock is currently owned by institutional investors.
Shares of NYSE UN opened at $61.47 on Wednesday. The company’s 50 day moving average price is $58.92 and its 200-day moving average price is $53.19. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.63 and a current ratio of 0.86. Unilever NV has a 52-week low of $42.00 and a 52-week high of $61.93. The company has a market capitalization of $105.40 billion, a P/E ratio of 21.49 and a beta of 0.47.
A number of analysts have weighed in on the stock. Barclays raised shares of Unilever from an “equal weight” rating to an “overweight” rating in a research note on Friday, July 24th. Credit Suisse Group restated an “outperform” rating on shares of Unilever in a research report on Monday, August 17th. UBS Group downgraded Unilever from a “neutral” rating to a “sell” rating in a research report on Monday, June 29th. Royal Bank of Canada restated an “underperform” rating on shares of Unilever in a report on Monday, July 6th. Finally, Zacks Investment Research raised Unilever from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research note on Wednesday, July 29th. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Unilever currently has a consensus rating of “Hold” and a consensus price target of $59.50.
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.
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