Unilever plc (UL) Shares Gap Down to $46.22
Unilever plc (NYSE:UL) shares gapped down prior to trading on Thursday . The stock had previously closed at $46.00, but opened at $46.22. Unilever plc shares last traded at $47.07, with a volume of 746,936 shares changing hands.
UL has been the subject of several research analyst reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of Unilever plc in a report on Tuesday, July 12th. RBC Capital Markets restated a “sector perform” rating on shares of Unilever plc in a report on Sunday, July 24th. Royal Bank Of Canada cut shares of Unilever plc from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. Beaufort Securities reiterated a “buy” rating on shares of Unilever plc in a research note on Saturday, April 16th. Finally, Zacks Investment Research cut shares of Unilever plc from a “buy” rating to a “hold” rating in a research note on Wednesday, June 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Unilever plc has a consensus rating of “Hold” and a consensus price target of $51.00.
The stock has a market capitalization of $132.83 billion and a P/E ratio of 24.40. The company has a 50 day moving average of $46.72 and a 200-day moving average of $45.33.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 7th. Stockholders of record on Friday, August 5th will be paid 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 of this dividend is Wednesday, August 3rd. This represents a $1.39 dividend on an annualized basis and a dividend yield of 2.97%.
Several hedge funds recently modified their holdings of UL. Stephens Inc. AR raised its stake in shares of 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. Bank of Montreal Can raised its stake in shares of 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. Finally, Russell Frank Co raised its stake in shares of 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.
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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