Unilever plc (UL) Shares Gap Up to $45.95
Unilever plc (NYSE:UL)’s share price 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 changing hands.
Several equities analysts recently commented on UL shares. Beaufort Securities reiterated a “buy” rating on shares of Unilever plc in a research note on Saturday, April 16th. Numis Securities Ltd lowered Unilever plc from an “add” rating to a “hold” rating in a research note on Monday, April 18th. Zacks Investment Research lowered Unilever plc from a “buy” rating to a “hold” rating in a research note on Wednesday, June 15th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Unilever plc in a research note on Tuesday, July 12th. Finally, RBC Capital Markets restated a “sector perform” rating on shares of Unilever plc in a research note on Sunday, July 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Unilever plc has a consensus rating of “Hold” and an average target price of $51.00.
The stock’s 50 day moving average price is $46.71 and its 200-day moving average price is $45.28. The company has a market capitalization of $133.54 billion and a price-to-earnings ratio of 24.42.
The business 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. This is a boost from Unilever plc’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, August 3rd. This represents a $1.39 annualized dividend and a yield of 3.01%.
Other large investors have recently added to or reduced their stakes in the company. Russell Frank Co increased its stake in Unilever plc by 75.6% in the fourth quarter. Russell Frank Co now owns 57,517 shares of the company’s stock worth $2,516,000 after buying an additional 24,755 shares during the period. Stephens Inc. AR increased 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 last quarter. US Bancorp DE increased 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 last quarter. Bank of Montreal Can increased 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 last quarter. Finally, Morningstar Investment Services LLC increased its stake in 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 last quarter.
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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