Shoker Investment Counsel Inc. Has $298,000 Position in Unilever NV (UN)

Shoker Investment Counsel Inc. lessened its stake in Unilever NV (NYSE:UN) by 19.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,051 shares of the company’s stock after selling 1,198 shares during the quarter. Shoker Investment Counsel Inc.’s holdings in Unilever were worth $298,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Northwest Quadrant Wealth Management LLC raised its stake in Unilever by 0.6% in the second quarter. Northwest Quadrant Wealth Management LLC now owns 4,726 shares of the company’s stock valued at $277,000 after purchasing an additional 26 shares in the last quarter. iAB Financial Bank raised its stake in Unilever by 0.7% in the second quarter. iAB Financial Bank now owns 6,850 shares of the company’s stock valued at $379,000 after purchasing an additional 50 shares in the last quarter. Proficio Capital Partners LLC raised its stake in Unilever by 2.5% in the second quarter. Proficio Capital Partners LLC now owns 2,713 shares of the company’s stock valued at $157,000 after purchasing an additional 66 shares in the last quarter. BTC Capital Management Inc. raised its stake in Unilever by 0.4% in the second quarter. BTC Capital Management Inc. now owns 18,402 shares of the company’s stock valued at $1,018,000 after purchasing an additional 66 shares in the last quarter. Finally, Omnia Family Wealth LLC raised its stake in Unilever by 1.4% in the second quarter. Omnia Family Wealth LLC now owns 5,205 shares of the company’s stock valued at $288,000 after purchasing an additional 70 shares in the last quarter. 8.85% of the stock is owned by institutional investors and hedge funds.

Shares of Unilever NV (NYSE:UN) traded up $0.93 during midday trading on Monday, reaching $57.86. The company’s stock had a trading volume of 518,700 shares, compared to its average volume of 2,092,135. Unilever NV has a 12-month low of $38.78 and a 12-month high of $61.62.

The firm also recently announced a dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Friday, November 3rd will be paid a dividend of $0.422 per share. This is an increase from Unilever’s previous dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 2nd. Unilever’s payout ratio is presently 69.83%.

Several brokerages have commented on UN. Zacks Investment Research raised Unilever from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Thursday, October 5th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Unilever in a research note on Thursday, September 7th. BidaskClub raised Unilever from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Finally, Royal Bank Of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $66.00.

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About Unilever

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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Institutional Ownership by Quarter for Unilever (NYSE:UN)

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