Unilever N.V. 4 Gldrs. Ny Shar (UN) Shareholder Everett Harris & Company Trimmed Position

March 16, 2018 - By Adrian Mccoy

Everett Harris & Company decreased its stake in Unilever N.V. 4 Gldrs. Ny Shar (UN) by 4.39% based on its latest 2017Q3 regulatory filing with the SEC. Everett Harris & Company sold 53,619 shares as the company’s stock rose 12.65% with the market. The institutional investor held 1.17M shares of the package goods and cosmetics company at the end of 2017Q3, valued at $68.98 million, down from 1.22M at the end of the previous reported quarter. Everett Harris & Company who had been investing in Unilever N.V. 4 Gldrs. Ny Shar for a number of months, seems to be less bullish one the $149.20B market cap company. The stock increased 0.45% or $0.24 during the last trading session, reaching $53.05. About 323,279 shares traded. Unilever N.V. (NYSE:UN) has risen 26.55% since March 16, 2017 and is uptrending. It has outperformed by 9.85% the S&P500.

Everett Harris & Company, which manages about $6.37 billion and $3.33 billion US Long portfolio, upped its stake in Ishares Core Msci Emerging Mar (IEMG) by 147,275 shares to 1.71M shares, valued at $92.36M in 2017Q3, according to the filing.

Unilever N.V. (NYSE:UN) Ratings Coverage

Among 9 analysts covering Unilever NV (NYSE:UN), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Unilever NV had 11 analyst reports since September 25, 2015 according to SRatingsIntel. RBC Capital Markets downgraded Unilever N.V. (NYSE:UN) on Friday, July 22 to “Sector Perform” rating. The rating was upgraded by Barclays Capital to “Overweight” on Friday, March 24. The firm has “Overweight” rating given on Tuesday, January 12 by JP Morgan. The rating was downgraded by JP Morgan on Wednesday, December 7 to “Neutral”. Jefferies upgraded the stock to “Buy” rating in Tuesday, December 13 report. Liberum Capital reinitiated Unilever N.V. (NYSE:UN) on Monday, March 27 with “Hold” rating. The rating was upgraded by Berenberg to “Buy” on Friday, September 25. The stock of Unilever N.V. (NYSE:UN) has “Outperform” rating given on Monday, August 22 by Bernstein. The firm earned “Neutral” rating on Tuesday, December 8 by Credit Suisse. The company was downgraded on Thursday, August 10 by RBC Capital Markets.

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