Webster Bank N. A. reduced its stake in Unilever NV (NYSE:UN) by 45.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 450 shares of the company’s stock after selling 375 shares during the quarter. Webster Bank N. A.’s holdings in Unilever were worth $27,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Argus Investors Counsel Inc. raised its holdings in Unilever by 93.3% during the second quarter. Argus Investors Counsel Inc. now owns 111,662 shares of the company’s stock valued at $6,780,000 after acquiring an additional 53,910 shares during the period. Naples Global Advisors LLC bought a new stake in Unilever during the second quarter valued at about $474,000. Douglass Winthrop Advisors LLC raised its holdings in Unilever by 4.2% during the second quarter. Douglass Winthrop Advisors LLC now owns 9,431 shares of the company’s stock valued at $573,000 after acquiring an additional 381 shares during the period. Sanders Morris Harris LLC bought a new stake in Unilever during the second quarter valued at about $648,000. Finally, Carroll Financial Associates Inc. grew its position in shares of Unilever by 2.5% during the second quarter. Carroll Financial Associates Inc. now owns 21,250 shares of the company’s stock valued at $1,290,000 after purchasing an additional 511 shares in the last quarter. 7.58% of the stock is currently owned by institutional investors.
UN has been the subject of a number of research analyst reports. DZ Bank lowered Unilever from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Zacks Investment Research lowered Unilever from a “hold” rating to a “sell” rating in a research report on Saturday, July 13th. Barclays initiated coverage on Unilever in a research report on Tuesday, April 9th. They set an “underweight” rating for the company. Finally, Credit Suisse Group upgraded Unilever from a “neutral” rating to an “outperform” rating in a research report on Friday, May 3rd. Four equities 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 currently has an average rating of “Hold” and an average target price of $66.50.
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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