Unilever (UN) Position Held by Canandaigua National Bank & Trust Co.
Canandaigua National Bank & Trust Co. continued to hold its position in shares of Unilever (NYSE:UN) during the second quarter, Holdings Channel reports. The institutional investor owned 12,779 shares of the company’s stock at the end of the second quarter. Canandaigua National Bank & Trust Co.’s holdings in Unilever were worth $600,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of UN. Ledyard National Bank increased its position in shares of Unilever by 88.5% in the second quarter. Ledyard National Bank now owns 3,547 shares of the company’s stock worth $166,000 after buying an additional 1,665 shares during the period. Physicians Financial Services Inc. boosted its stake in Unilever by 13.4% in the second quarter. Physicians Financial Services Inc. now owns 3,729 shares of the company’s stock valued at $175,000 after buying an additional 440 shares in the last quarter. Grimes & Company Inc. acquired a new stake in Unilever during the second quarter valued at approximately $201,000. Pennsylvania Trust Co acquired a new stake in Unilever during the second quarter valued at approximately $230,000. Finally, Bayesian Capital Management LP acquired a new stake in Unilever during the first quarter valued at approximately $242,000.
Shares of Unilever (NYSE:UN) traded down 0.29% during midday trading on Tuesday, reaching $45.25. The company’s stock had a trading volume of 1,281,186 shares. The stock has a market cap of $128.46 billion, a price-to-earnings ratio of 23.31 and a beta of 0.76. Unilever has a 52-week low of $37.92 and a 52-week high of $48.00. The stock has a 50-day moving average price of $46.14 and a 200-day moving average price of $45.26.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 7th. Stockholders of record on Friday, August 5th were paid a $0.3531 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Wednesday, August 3rd. This is a positive change from Unilever’s previous quarterly dividend of $0.34.
Several research firms recently commented on UN. Zacks Investment Research raised Unilever from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Tuesday. RBC Capital Markets cut Unilever from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. Citigroup Inc. raised Unilever from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 31st. Royal Bank Of Canada cut Unilever from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Unilever in a research note on Thursday, September 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $41.00.
Unilever N.V. is a fast moving consumer goods company. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. Its Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products. Its Foods segment includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads.
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