Cullen Frost Bankers Inc. Acquires New Holdings in Unilever NV (UN)

Cullen Frost Bankers Inc. acquired a new stake in Unilever NV (NYSE:UN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,972 shares of the company’s stock, valued at approximately $321,000.

Several other large investors also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Unilever by 0.9% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 21,675 shares of the company’s stock valued at $1,166,000 after purchasing an additional 187 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in shares of Unilever by 0.4% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 76,634 shares of the company’s stock valued at $4,123,000 after purchasing an additional 275 shares during the last quarter. Clarus Wealth Advisors increased its holdings in shares of Unilever by 76.5% in the fourth quarter. Clarus Wealth Advisors now owns 697 shares of the company’s stock valued at $38,000 after purchasing an additional 302 shares during the last quarter. CWM LLC increased its holdings in shares of Unilever by 38.5% in the fourth quarter. CWM LLC now owns 1,392 shares of the company’s stock valued at $75,000 after purchasing an additional 387 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC increased its holdings in shares of Unilever by 8.9% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 4,724 shares of the company’s stock valued at $254,000 after purchasing an additional 387 shares during the last quarter. Hedge funds and other institutional investors own 8.01% of the company’s stock.

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UN stock opened at $55.15 on Monday. Unilever NV has a 52 week low of $51.56 and a 52 week high of $58.72. The stock has a market capitalization of $94.57 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 3.20 and a beta of 0.62.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, February 15th will be paid a $0.442 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This is an increase from Unilever’s previous quarterly dividend of $0.42. This represents a $1.77 annualized dividend and a dividend yield of 3.21%. Unilever’s dividend payout ratio is 55.23%.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Unilever from a “sell” rating to a “hold” rating in a report on Wednesday, December 12th. UBS Group downgraded shares of Unilever from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 8th. JPMorgan Chase & Co. downgraded shares of Unilever from a “neutral” rating to an “underweight” rating in a research note on Sunday, December 9th. Finally, Societe Generale began coverage on shares of Unilever in a research note on Tuesday, January 29th. They issued a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Unilever presently has an average rating of “Hold” and a consensus price target of $63.50.

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About Unilever

Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The company operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, Vaseline, Dermalogica, Murad, Dollar Shave Club, Zest & Camay, and Seventh Generation brands.

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Institutional Ownership by Quarter for Unilever (NYSE:UN)

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