Unilever plc (UL) Shares Gap Up to $45.95
Shares of Unilever plc (NYSE:UL) gapped up prior to trading on Tuesday . The stock had previously closed at $45.85, but opened at $45.95. Unilever plc shares last traded at $46.39, with a volume of 806,080 shares trading hands.
Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Unilever plc in a report on Tuesday, July 12th. Royal Bank Of Canada downgraded shares of Unilever plc from an “outperform” rating to a “sector perform” rating in a report on Friday, July 22nd. Liberum Capital reissued a “sell” rating on shares of Unilever plc in a report on Wednesday, May 25th. Zacks Investment Research downgraded shares of Unilever plc from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th. Finally, Numis Securities Ltd downgraded shares of Unilever plc from an “add” rating to a “hold” rating in a report on Monday, April 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $51.00.
The firm has a market capitalization of $131.55 billion and a P/E ratio of 24.06. The stock has a 50-day moving average price of $46.72 and a 200 day moving average price of $45.28.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 7th. Shareholders of record on Friday, August 5th will be issued a dividend of $0.348 per share. The ex-dividend date of this dividend is Wednesday, August 3rd. This is a boost from Unilever plc’s previous quarterly dividend of $0.32. This represents a $1.39 dividend on an annualized basis and a dividend yield of 3.00%.
Several hedge funds have modified their holdings of the company. Morningstar Investment Services LLC boosted its stake in shares of Unilever plc by 12.1% in the fourth quarter. Morningstar Investment Services LLC now owns 351,676 shares of the company’s stock worth $15,164,000 after buying an additional 38,008 shares during the period. Stephens Inc. AR boosted its stake in Unilever plc by 6.3% in the fourth quarter. Stephens Inc. AR now owns 122,986 shares of the company’s stock worth $5,303,000 after buying an additional 7,306 shares during the period. Tradition Capital Management LLC boosted its stake in Unilever plc by 2.5% in the fourth quarter. Tradition Capital Management LLC now owns 67,696 shares of the company’s stock worth $2,919,000 after buying an additional 1,632 shares during the period. US Bancorp DE boosted its stake in Unilever plc by 2.4% in the fourth quarter. US Bancorp DE now owns 198,793 shares of the company’s stock worth $8,572,000 after buying an additional 4,628 shares during the period. Finally, Bank of Montreal Can boosted its stake in Unilever plc by 31.4% in the fourth quarter. Bank of Montreal Can now owns 277,460 shares of the company’s stock worth $11,964,000 after buying an additional 66,255 shares during the period.
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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