Unilever plc (UL) Shares Gap Up to $46.46
Unilever plc (NYSE:UL) gapped up before the market opened 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.
A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Unilever plc in a research note on Thursday. Deutsche Bank AG reiterated a “buy” rating on shares of Unilever plc in a research note on Thursday, August 25th. Sanford C. Bernstein assumed coverage on Unilever plc in a research note on Monday, August 22nd. They set an “outperform” rating on the stock. RBC Capital Markets reiterated a “sector perform” rating on shares of Unilever plc in a research note on Sunday, July 24th. Finally, Royal Bank Of Canada cut Unilever plc from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $51.00.
The stock has a market capitalization of $138.05 billion and a P/E ratio of 24.96. The firm has a 50 day moving average of $46.77 and a 200 day moving average of $45.71.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 7th. Stockholders of record on Friday, August 5th will be paid a $0.348 dividend. The ex-dividend date 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 2.86%.
A hedge fund recently raised its stake in Unilever plc stock. Bank of Montreal Can raised its stake in Unilever plc (NYSE:UL) by 31.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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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