Huntington National Bank Has $2.86 Million Holdings in Unilever N.V. (UL)
Huntington National Bank lowered its position in Unilever N.V. (NYSE:UL) by 32.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,522 shares of the company’s stock after selling 23,438 shares during the period. Huntington National Bank’s holdings in Unilever were worth $2,858,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Douglass Winthrop Advisors LLC increased its holdings in Unilever by 2.0% in the first quarter. Douglass Winthrop Advisors LLC now owns 411,253 shares of the company’s stock worth $23,738,000 after buying an additional 7,898 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Unilever by 0.8% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,931,245 shares of the company’s stock valued at $111,471,000 after acquiring an additional 15,399 shares during the period. Forte Capital LLC ADV boosted its position in shares of Unilever by 1.3% in the first quarter. Forte Capital LLC ADV now owns 24,135 shares of the company’s stock valued at $1,393,000 after acquiring an additional 315 shares during the period. Beese Fulmer Investment Management Inc. boosted its position in shares of Unilever by 0.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 84,647 shares of the company’s stock valued at $4,886,000 after acquiring an additional 480 shares during the period. Finally, Orrstown Financial Services Inc. lifted its position in Unilever by 307.4% in the first quarter. Orrstown Financial Services Inc. now owns 766 shares of the company’s stock worth $44,000 after purchasing an additional 578 shares during the period. Hedge funds and other institutional investors own 6.44% of the company’s stock.
A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded Unilever from a “hold” rating to a “strong-buy” rating and set a $66.00 target price for the company in a research note on Friday, March 22nd. BNP Paribas lowered Unilever from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 27th. Exane BNP Paribas lowered Unilever from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 27th. Finally, JPMorgan Chase & Co. restated a “sell” rating on shares of Unilever in a research note on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. Unilever currently has a consensus rating of “Hold” and a consensus target price of $66.00.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, February 15th were given a $0.442 dividend. This represents a $1.77 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, February 14th. This is a positive change from Unilever’s previous quarterly dividend of $0.35. Unilever’s dividend payout ratio (DPR) is currently 63.18%.
Unilever Company Profile
Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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