Keybank National Association OH lessened its holdings in Unilever NV (NYSE:UN) by 18.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 79,240 shares of the company’s stock after selling 18,393 shares during the quarter. Keybank National Association OH’s holdings in Unilever were worth $4,757,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. boosted its holdings in Unilever by 31.2% in the second quarter. BlackRock Inc. now owns 6,149,176 shares of the company’s stock worth $373,378,000 after acquiring an additional 1,463,294 shares in the last quarter. Tweedy Browne Co LLC lifted its holdings in shares of Unilever by 538.7% during the third quarter. Tweedy Browne Co LLC now owns 3,574,701 shares of the company’s stock worth $214,927,000 after purchasing an additional 3,015,030 shares during the period. Schafer Cullen Capital Management Inc lifted its holdings in shares of Unilever by 20.8% during the second quarter. Schafer Cullen Capital Management Inc now owns 3,461,084 shares of the company’s stock worth $209,534,000 after purchasing an additional 595,393 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Unilever by 4.8% during the second quarter. Parametric Portfolio Associates LLC now owns 2,580,731 shares of the company’s stock worth $156,702,000 after purchasing an additional 117,886 shares during the period. Finally, Coho Partners Ltd. acquired a new stake in shares of Unilever during the third quarter worth about $130,766,000. 7.85% of the stock is owned by institutional investors and hedge funds.
Shares of Unilever stock traded up $0.67 on Friday, reaching $60.16. 1,258,986 shares of the stock were exchanged, compared to its average volume of 1,207,785. Unilever NV has a twelve month low of $52.08 and a twelve month high of $63.62. The firm has a market capitalization of $100.89 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 2.53 and a beta of 0.48. The business has a 50 day moving average price of $59.47 and a two-hundred day moving average price of $60.06.
A number of equities research analysts recently commented on the company. Goldman Sachs Group raised Unilever from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Zacks Investment Research downgraded Unilever from a “hold” rating to a “sell” rating in a report on Saturday. Redburn Partners reaffirmed a “sell” rating on shares of Unilever in a report on Friday, October 11th. Finally, Morgan Stanley downgraded Unilever from an “in-line” rating to an “underweight” rating in a report on Wednesday, September 18th. Six equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Unilever has an average rating of “Hold” and a consensus target price of $68.00.
Unilever Company Profile
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.
Featured Article: How are Outstanding Shares Different from Authorized Shares?
Receive News & Ratings for Unilever Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unilever and related companies with MarketBeat.com's FREE daily email newsletter.