Unilever PLC (UL) Short Interest Update
Unilever PLC (NYSE:UL) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,196,046 shares, a growth of 66.2% from the October 13th total of 719,707 shares. Based on an average daily volume of 1,752,248 shares, the short-interest ratio is presently 0.7 days.
Unilever PLC (UL) opened at $55.33 on Tuesday. Unilever PLC has a 52-week low of $38.79 and a 52-week high of $60.13.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 3rd will be given a $0.4217 dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.69 annualized dividend and a dividend yield of 3.05%. This is a positive change from Unilever PLC’s previous quarterly dividend of $0.41. Unilever PLC’s dividend payout ratio is currently 68.62%.
Several institutional investors have recently bought and sold shares of the stock. Moors & Cabot Inc. grew its stake in shares of Unilever PLC by 4.0% in the 3rd quarter. Moors & Cabot Inc. now owns 51,123 shares of the company’s stock worth $2,969,000 after buying an additional 1,951 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new stake in shares of Unilever PLC in the 3rd quarter worth approximately $135,000. Stonebridge Capital Advisors LLC purchased a new stake in shares of Unilever PLC in the 3rd quarter worth approximately $349,000. Griffin Asset Management Inc. purchased a new stake in shares of Unilever PLC in the 3rd quarter worth approximately $1,050,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Unilever PLC in the 3rd quarter worth approximately $448,000. Institutional investors own 7.23% of the company’s stock.
A number of research analysts have commented on the company. Zacks Investment Research raised Unilever PLC from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Saturday, September 23rd. Morgan Stanley reaffirmed a “neutral” rating on shares of Unilever PLC in a research report on Wednesday, October 11th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Unilever PLC in a research report on Thursday, September 7th. Argus assumed coverage on Unilever PLC in a research report on Friday. They set a “hold” rating for the company. Finally, Royal Bank Of Canada lowered Unilever PLC from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $46.50.
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Unilever PLC Company Profile
Unilever PLC is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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