Unilever PLC (UL) Short Interest Down 37.7% in October
Unilever PLC (NYSE:UL) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 1,449,818 shares, a decrease of 37.7% from the October 14th total of 2,326,297 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,088,320 shares, the short-interest ratio is currently 1.3 days.
UL has been the subject of a number of research reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Unilever PLC in a research note on Thursday, August 25th. Zacks Investment Research raised shares of Unilever PLC from a “sell” rating to a “hold” rating in a research note on Wednesday. Sanford C. Bernstein assumed coverage on shares of Unilever PLC in a report on Monday, August 22nd. They set an “outperform” rating for the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Unilever PLC in a report on Monday, October 3rd. Finally, RBC Capital Markets reiterated a “sector perform” rating on shares of Unilever PLC in a report on Sunday, July 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $51.00.
Unilever PLC (NYSE:UL) opened at 39.16 on Thursday. The firm has a 50-day moving average of $43.47 and a 200 day moving average of $45.57. Unilever PLC has a one year low of $38.96 and a one year high of $48.97. The company has a market capitalization of $111.17 billion, a price-to-earnings ratio of 20.55 and a beta of 0.81.
The business also recently disclosed a dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Friday, October 28th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, October 26th.
Several large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company bought a new stake in Unilever PLC during the third quarter valued at about $109,000. Advisory Services Network LLC raised its position in Unilever PLC by 17.2% in the second quarter. Advisory Services Network LLC now owns 2,446 shares of the company’s stock worth $117,000 after buying an additional 359 shares during the period. Mycio Wealth Partners LLC raised its position in Unilever PLC by 69.1% in the second quarter. Mycio Wealth Partners LLC now owns 2,537 shares of the company’s stock worth $122,000 after buying an additional 1,037 shares during the period. Kelly Lawrence W & Associates Inc. CA raised its position in Unilever PLC by 112.5% in the second quarter. Kelly Lawrence W & Associates Inc. CA now owns 2,550 shares of the company’s stock worth $122,000 after buying an additional 1,350 shares during the period. Finally, Integrated Wealth Management raised its position in Unilever PLC by 0.7% in the second quarter. Integrated Wealth Management now owns 2,601 shares of the company’s stock worth $125,000 after buying an additional 17 shares during the period. Hedge funds and other institutional investors own 8.58% of the company’s stock.
Unilever PLC Company Profile
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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