Unilever plc (UL) Shares Gap Up to $46.46
Unilever plc (NYSE:UL) shares gapped up prior to trading on Thursday . The stock had previously closed at $46.39, but opened at $46.46. Unilever plc shares last traded at $46.95, with a volume of 803,689 shares trading hands.
A number of brokerages have issued reports on UL. Liberum Capital restated a “sell” rating on shares of Unilever plc in a research note on Wednesday, May 25th. Sanford C. Bernstein began coverage on Unilever plc in a research note on Monday, August 22nd. They issued an “outperform” rating for the company. JPMorgan Chase & Co. restated an “overweight” rating on shares of Unilever plc in a research note on Monday, June 13th. Deutsche Bank AG restated a “buy” rating on shares of Unilever plc in a research note on Thursday, August 25th. Finally, RBC Capital Markets restated a “sector perform” rating on shares of Unilever plc in a research note on Sunday, July 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $51.00.
The company has a market cap of $133.37 billion and a price-to-earnings ratio of 23.93. The stock has a 50 day moving average price of $46.73 and a 200 day moving average price of $45.68.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 7th. Shareholders of record on Friday, August 5th will be paid a dividend of $0.348 per share. This represents a $1.39 dividend on an annualized basis and a yield of 2.96%. 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.
An institutional investor recently raised its position in Unilever plc stock. Bank of Montreal Can increased its position in shares of Unilever plc (NYSE:UL) by 31.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 277,460 shares of the company’s stock after buying an additional 66,255 shares during the period. Bank of Montreal Can’s holdings in Unilever plc were worth $11,964,000 at the end of the most recent reporting 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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