Suntrust Banks Inc. Has $1.09 Million Position in Unilever NV (UN)
Suntrust Banks Inc. decreased its position in shares of Unilever NV (NYSE:UN) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,767 shares of the company’s stock after selling 149 shares during the period. Suntrust Banks Inc.’s holdings in Unilever NV were worth $1,090,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in UN. BlackRock Inc. increased its stake in Unilever NV by 416,585.0% during the 1st quarter. BlackRock Inc. now owns 9,167,071 shares of the company’s stock worth $455,420,000 after buying an additional 9,164,871 shares during the period. FMR LLC increased its stake in Unilever NV by 297.2% during the 1st quarter. FMR LLC now owns 11,804,556 shares of the company’s stock worth $586,450,000 after buying an additional 8,832,563 shares during the period. Wellington Management Group LLP increased its stake in Unilever NV by 22.6% during the 1st quarter. Wellington Management Group LLP now owns 21,933,059 shares of the company’s stock worth $1,089,635,000 after buying an additional 4,042,634 shares during the period. United States Steel & Carnegie Pension Fund purchased a new stake in Unilever NV during the 1st quarter worth $42,782,000. Finally, Point72 Asset Management L.P. purchased a new stake in Unilever NV during the 1st quarter worth $32,188,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.
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Unilever NV (NYSE UN) opened at 59.21 on Thursday. The stock has a 50 day moving average of $59.37 and a 200 day moving average of $55.81. The firm has a market capitalization of $166.53 billion, a price-to-earnings ratio of 24.28 and a beta of 0.89. Unilever NV has a 12-month low of $38.41 and a 12-month high of $60.90.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Friday, August 4th were issued a $0.352 dividend. This represents a $1.41 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Wednesday, August 2nd.
Several equities research analysts recently issued reports on UN shares. Royal Bank Of Canada downgraded shares of Unilever NV from a “sector perform” rating to an “underperform” rating in a research note on Thursday, August 10th. BidaskClub raised shares of Unilever NV from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. UBS AG reissued a “neutral” rating on shares of Unilever NV in a report on Monday, July 17th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Unilever NV in a report on Thursday, September 7th. Finally, Zacks Investment Research raised shares of Unilever NV from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $66.00.
Unilever NV Profile
Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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