Unilever PLC (NYSE:UL) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 1,939,463 shares, a growth of 58.4% from the August 31st total of 1,224,152 shares. Based on an average daily trading volume, of 1,400,622 shares, the short-interest ratio is presently 1.4 days. Approximately 0.2% of the company’s stock are short sold.
Unilever PLC (NYSE:UL) opened at 46.97 on Thursday. The company has a 50-day moving average price of $47.03 and a 200-day moving average price of $46.23. Unilever PLC has a one year low of $39.86 and a one year high of $48.97. The firm has a market capitalization of $133.34 billion, a P/E ratio of 24.21 and a beta of 0.74.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 7th. Shareholders of record on Friday, August 5th were issued a dividend of $0.348 per share. The ex-dividend date was Wednesday, August 3rd. This is an increase from Unilever PLC’s previous quarterly dividend of $0.32. This represents a $1.39 annualized dividend and a yield of 2.96%.
A number of research firms recently weighed in on UL. JPMorgan Chase & Co. restated an “overweight” rating on shares of Unilever PLC in a research note on Wednesday, July 27th. Deutsche Bank AG restated a “buy” rating on shares of Unilever PLC in a research note on Thursday, August 25th. Zacks Investment Research lowered shares of Unilever PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, June 15th. Royal Bank Of Canada lowered shares of Unilever PLC from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. Finally, RBC Capital Markets restated a “sector perform” rating on shares of Unilever PLC in a research note on Sunday, July 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Unilever PLC currently has a consensus rating of “Hold” and a consensus target price of $51.00.
A number of large investors have recently bought and sold shares of the company. Bank of Montreal Can acquired a new stake in Unilever PLC during the second quarter valued at about $13,871,000. Aviance Capital Management LLC increased its stake in Unilever PLC by 36.5% in the second quarter. Aviance Capital Management LLC now owns 381,408 shares of the company’s stock valued at $18,273,000 after buying an additional 101,951 shares in the last quarter. Royal Bank of Canada increased its stake in Unilever PLC by 1.3% in the first quarter. Royal Bank of Canada now owns 1,922,457 shares of the company’s stock valued at $86,857,000 after buying an additional 25,275 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Unilever PLC during the first quarter valued at about $225,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Unilever PLC during the first quarter valued at about $3,795,000. Institutional investors own 8.57% of the company’s stock.
About Unilever PLC
Unilever PLC is a supplier of food, home and personal care products. The Company’s portfolio ranges from nutritionally balanced foods to indulgent ice creams, soaps, shampoos and household care products. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. The Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products.
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