Suntrust Banks Has Increased Its Unilever Plc (UL) Stake by $805,200; Micron Technology (Put) (MU) Shareholder Equitec Specialists Has Decreased Position as Valuation Declined

September 24, 2018 - By Catherine Smith

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Suntrust Banks Inc increased its stake in Unilever Plc (UL) by 21.22% based on its latest 2018Q2 regulatory filing with the SEC. Suntrust Banks Inc bought 14,640 shares as the company’s stock rose 1.96% with the market. The institutional investor held 83,620 shares of the package goods and cosmetics company at the end of 2018Q2, valued at $4.62M, up from 68,980 at the end of the previous reported quarter. Suntrust Banks Inc who had been investing in Unilever Plc for a number of months, seems to be bullish on the $142.77B market cap company. The stock decreased 1.50% or $0.84 during the last trading session, reaching $55.05. About 764,459 shares traded or 12.34% up from the average. Unilever PLC (NYSE:UL) has declined 4.19% since September 24, 2017 and is downtrending. It has underperformed by 19.81% the S&P500. Some Historical UL News: 19/04/2018 – UNILEVER NIGERIA 1Q OPER PROFIT 3.5B NAIRA; 23/03/2018 – Unilever shareholder balks at London HQ move; 19/04/2018 – UNILEVER EXEC SAYS PRICING IN BRAZIL SHOULD PICK UP THIS YEAR; 22/03/2018 – COLUMBIA THREADNEEDLE SAYS UNILEVER NEEDS “TO DO MORE TO CONVINCE UK SHAREHOLDERS OF THE MERITS OF THE MOVE”; 19/04/2018 – Unilever 1Q 2018 Revenue Falls; Announces EUR6 Billion Buyback Program; 25/05/2018 – Bill George: As consumer giants struggle, Unilever rises above the pack; 07/03/2018 – UNILEVER – ANN FUDGE WILL BE RETIRING FROM UNILEVER N.V. AND PLC BOARDS AT CONCLUSION OF 2018 AGMS HAVING SERVED FOR NINE YEARS ON BOARDS; 28/03/2018 – Unilever: Around 40 Roles to Transfer to Factory at Burton; 19/04/2018 – Vivendi, ABB and Unilever are among the major companies set to release their latest figures on Thursday morning; 15/03/2018 – Setback for Theresa May after Unilever moves base from UK

Equitec Specialists Llc decreased its stake in Micron Technology Inc (Put) (MU) by 55.56% based on its latest 2018Q2 regulatory filing with the SEC. Equitec Specialists Llc sold 25,000 shares as the company’s stock declined 30.49% while stock markets rallied. The institutional investor held 20,000 shares of the technology company at the end of 2018Q2, valued at $1.05M, down from 45,000 at the end of the previous reported quarter. Equitec Specialists Llc who had been investing in Micron Technology Inc (Put) for a number of months, seems to be less bullish one the $52.38B market cap company. The stock increased 0.94% or $0.42 during the last trading session, reaching $45.16. About 32.47M shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 21.73% since September 24, 2017 and is uptrending. It has outperformed by 6.11% the S&P500. Some Historical MU News: 23/04/2018 – MICRON TO REDEEM 5.250% NOTES DUE 2024, 5.625% NOTES DUE 2026; 13/03/2018 – Micron Technology, Inc. vs PRESIDENT AND FELLOWS OF HARVARD COLLEGE | Terminated-Settled | 03/13/2018; 22/03/2018 – Micron Technology 2nd-qtr quarter profit jumps; 21/05/2018 – Micron and Intel Extend their Leadership in 3D NAND Flash memory; 21/05/2018 – Micron Technology (MU) 2018 Analyst and Investor Event (Transcript); 15/05/2018 – APPALOOSA LP DISSOLVES SHARE STAKE IN COMCAST CORP; 19/03/2018 – Micron’s 21% March Rally Sets High Bar for Earnings on Thursday; 25/05/2018 – MU: $MU – China to investigate DRAM manufacturers – ! $MU; 06/04/2018 – Micron Closes Below 50-Day Moving Average: Technicals; 16/05/2018 – Micron at Bernstein Strategic Decisions CEO Conference May 31

Suntrust Banks Inc, which manages about $18.25 billion US Long portfolio, decreased its stake in Qualcomm Inc (NASDAQ:QCOM) by 66,110 shares to 159,755 shares, valued at $8.96M in 2018Q2, according to the filing. It also reduced its holding in Chubb Limited by 3,816 shares in the quarter, leaving it with 66,071 shares, and cut its stake in Red Hat Inc (NYSE:RHT).

More notable recent Unilever PLC (NYSE:UL) news were published by: Seekingalpha.com which released: “What’s Next For B&G Foods After Selling Its 5th Largest Brand” on September 19, 2018, also Seekingalpha.com with their article: “Unilever to simplify corporate structure” published on September 11, 2018, Investorplace.com published: “Structural Changes Won’t Change the Narrative for Unilever Stock” on September 13, 2018. More interesting news about Unilever PLC (NYSE:UL) were released by: Fool.com and their article: “Better Buy: Procter & Gamble vs. Unilever” published on September 14, 2018 as well as Seekingalpha.com‘s news article titled: “Consumer Giants Have Bigger Problems Than Turkey” with publication date: August 30, 2018.

Among 12 analysts covering Unilever (NYSE:UL), 4 have Buy rating, 2 Sell and 6 Hold. Therefore 33% are positive. Unilever had 15 analyst reports since July 24, 2015 according to SRatingsIntel. Barclays Capital downgraded the shares of UL in report on Monday, January 23 to “Equal-Weight” rating. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, August 12. The firm has “Buy” rating by Canaccord Genuity given on Friday, July 24. As per Thursday, August 10, the company rating was downgraded by RBC Capital Markets. Argus Research initiated Unilever PLC (NYSE:UL) on Friday, November 17 with “Hold” rating. The company was initiated on Monday, August 22 by Bernstein. The stock of Unilever PLC (NYSE:UL) earned “Sell” rating by ABN Amro on Monday, April 3. The firm earned “Buy” rating on Tuesday, December 13 by Jefferies. The stock has “Outperform” rating by Macquarie Research on Friday, March 17. The firm earned “Sector Perform” rating on Friday, July 22 by RBC Capital Markets.

Among 45 analysts covering Micron Technology Inc. (NASDAQ:MU), 34 have Buy rating, 0 Sell and 11 Hold. Therefore 76% are positive. Micron Technology Inc. had 271 analyst reports since July 29, 2015 according to SRatingsIntel. M Partners maintained it with “Neutral” rating and $22.0 target in Friday, August 14 report. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Thursday, March 8. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Buy” rating given on Tuesday, July 25 by Mizuho. As per Wednesday, September 27, the company rating was maintained by Goldman Sachs. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Buy” rating given on Thursday, June 15 by Loop Capital Markets. Stifel Nicolaus maintained Micron Technology, Inc. (NASDAQ:MU) on Thursday, October 19 with “Buy” rating. The firm has “Overweight” rating given on Tuesday, August 30 by Morgan Stanley. The firm has “Hold” rating by Drexel Hamilton given on Friday, August 7. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, October 2. Standpoint Research maintained Micron Technology, Inc. (NASDAQ:MU) rating on Sunday, August 9. Standpoint Research has “Buy” rating and $28 target.

Since March 26, 2018, it had 0 insider buys, and 9 insider sales for $12.89 million activity. Another trade for 24,795 shares valued at $1.54M was sold by Deboer Scott J. $139,220 worth of Micron Technology, Inc. (NASDAQ:MU) shares were sold by BAILEY ROBERT L. 14,360 shares were sold by Byrne Patrick J, worth $665,058 on Wednesday, May 2. SWITZ ROBERT E had sold 100,000 shares worth $5.40M on Monday, July 2. 25,000 shares were sold by JOHNSON MERCEDES, worth $1.26 million.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Seekingalpha.com which released: “Micron Price Should Not Drop After Q4 Earnings” on September 21, 2018, also Nasdaq.com with their article: “Monday’s Vital Data: Apple, Micron and Transocean” published on September 24, 2018, Seekingalpha.com published: “Micron As A Commodity Investment” on September 12, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Seekingalpha.com and their article: “Micron: Why Low P/E Means Diddly Squat” published on September 21, 2018 as well as Seekingalpha.com‘s news article titled: “Micron Still Gets No Respect” with publication date: September 14, 2018.

Investors sentiment increased to 1.4 in 2018 Q2. Its up 0.27, from 1.13 in 2018Q1. It increased, as 59 investors sold MU shares while 236 reduced holdings. 111 funds opened positions while 302 raised stakes. 792.40 million shares or 6.41% less from 846.69 million shares in 2018Q1 were reported. Mirae Asset Glob has invested 0.07% in Micron Technology, Inc. (NASDAQ:MU). Zwj Counsel has invested 1.68% in Micron Technology, Inc. (NASDAQ:MU). Synovus Corporation accumulated 109,592 shares. 44,224 are held by First Foundation Advsrs. Colony Grp Limited Liability Company reported 0.02% stake. Idaho-based Mountain Pacific Invest Advisers Incorporated Id has invested 0.06% in Micron Technology, Inc. (NASDAQ:MU). 20,000 are owned by Coastline Com. Abner Herrman Brock Ltd Com stated it has 35,520 shares or 0.29% of all its holdings. Oregon Pub Employees Retirement Fund stated it has 612,541 shares. Carroll Assoc stated it has 29 shares or 0% of all its holdings. Amica Mutual Insur Comm holds 0.24% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 38,184 shares. Smithfield Trust Com owns 290 shares. Florida-based State Board Of Administration Of Florida Retirement Systems has invested 0.22% in Micron Technology, Inc. (NASDAQ:MU). Lombard Odier Asset Mgmt (Europe) Limited accumulated 11,881 shares or 0.05% of the stock. Piper Jaffray And reported 16 shares.

Micron Technology, Inc. (NASDAQ:MU) Institutional Positions Chart

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