M&T Bank Corp Sells 7,751 Shares of Unilever N.V. (NYSE:UL)

M&T Bank Corp reduced its position in Unilever N.V. (NYSE:UL) by 5.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,437 shares of the company’s stock after selling 7,751 shares during the quarter. M&T Bank Corp’s holdings in Unilever were worth $7,377,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Moseley Investment Management Inc. lifted its position in Unilever by 5.2% in the 2nd quarter. Moseley Investment Management Inc. now owns 10,329 shares of the company’s stock worth $567,000 after buying an additional 512 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Unilever by 5.6% in the 1st quarter. Bank of New York Mellon Corp now owns 481,046 shares of the company’s stock worth $24,328,000 after acquiring an additional 25,517 shares during the last quarter. Fulton Bank N. A. boosted its stake in shares of Unilever by 45.0% in the 2nd quarter. Fulton Bank N. A. now owns 29,898 shares of the company’s stock valued at $1,640,000 after purchasing an additional 9,278 shares in the last quarter. Private Trust Co. NA bought a new position in shares of Unilever during the 2nd quarter valued at $208,000. Finally, Invesco Ltd. raised its position in Unilever by 29.3% in the 1st quarter. Invesco Ltd. now owns 35,088 shares of the company’s stock worth $1,774,000 after purchasing an additional 7,949 shares during the period. Hedge funds and other institutional investors own 7.30% of the company’s stock.

UL opened at $60.48 on Friday. Unilever N.V. has a one year low of $44.06 and a one year high of $64.84. The business has a 50 day simple moving average of $56.37 and a two-hundred day simple moving average of $54.73. The firm has a market capitalization of $70.67 billion, a price-to-earnings ratio of 21.15 and a beta of 0.52.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.4694 per share. The ex-dividend date of this dividend is Thursday, August 6th. This is a boost from Unilever’s previous quarterly dividend of $0.44. This represents a $1.88 annualized dividend and a dividend yield of 3.10%. Unilever’s payout ratio is 61.54%.

A number of research analysts have recently issued reports on the company. Credit Suisse Group reaffirmed an “outperform” rating on shares of Unilever in a research note on Wednesday, April 15th. UBS Group lowered Unilever from a “neutral” rating to a “sell” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a research report on Thursday, July 2nd. Goldman Sachs Group reissued a “buy” rating on shares of Unilever in a research note on Tuesday, July 7th. Finally, Cfra lifted their target price on shares of Unilever from $11.00 to $45.00 and gave the stock a “sell” rating in a research note on Thursday, April 23rd. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $56.50.

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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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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