Conning Inc. Has $3,933,000 Stake in Unilever (UN)
Conning Inc. maintained its position in Unilever (NYSE:UN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,788 shares of the company’s stock at the end of the second quarter. Conning Inc.’s holdings in Unilever were worth $3,933,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of UN. Genesee Valley Trust Co. increased its stake in shares of Unilever by 5.0% in the second quarter. Genesee Valley Trust Co. now owns 7,635 shares of the company’s stock worth $358,000 after buying an additional 365 shares in the last quarter. Grimes & Company Inc. acquired a new stake in shares of Unilever during the second quarter worth $201,000. Bank of Montreal Can acquired a new stake in shares of Unilever during the second quarter worth $9,135,000. MSI Financial Services Inc increased its stake in shares of Unilever by 19.8% in the second quarter. MSI Financial Services Inc now owns 25,889 shares of the company’s stock worth $1,215,000 after buying an additional 4,287 shares in the last quarter. Finally, Ledyard National Bank increased its stake 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 in the last quarter.
Unilever (NYSE:UN) traded up 2.27% during midday trading on Thursday, hitting $46.44. The company had a trading volume of 1,604,425 shares. Unilever has a 52 week low of $38.75 and a 52 week high of $48.00. The firm’s 50 day moving average is $46.15 and its 200-day moving average is $45.28. The firm has a market capitalization of $131.83 billion, a P/E ratio of 23.93 and a beta of 0.76.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Investors of record on Friday, August 5th were paid a $0.3531 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, August 3rd. This represents a $1.41 annualized dividend and a yield of 3.04%.
UN has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Unilever from a “hold” rating to a “sell” rating in a report on Tuesday, August 30th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Unilever in a report on Thursday. Citigroup Inc. raised Unilever from a “neutral” rating to a “buy” rating in a report on Wednesday, August 31st. Royal Bank Of Canada downgraded Unilever from an “outperform” rating to a “sector perform” rating in a report on Friday, July 22nd. Finally, RBC Capital Markets downgraded Unilever from an “outperform” rating to a “sector perform” rating in a report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Unilever presently has a consensus rating of “Hold” and an average target price 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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