Manchester United PLC (manu) Declares Dividend Increase – $0.09 Per Share
Manchester United PLC (NYSE:manu) declared a dividend on Friday, November 18th. Stockholders of record on Wednesday, November 30th will be given a dividend of 0.09 per share on Thursday, January 5th. The ex-dividend date of this dividend is Monday, November 28th. This is an increase from Manchester United PLC’s previous dividend of $0.05.
Manchester United PLC (NYSE:MANU) opened at 15.20 on Monday. The stock’s 50 day moving average price is $15.68 and its 200 day moving average price is $16.36. The company has a market cap of $2.49 billion, a P/E ratio of 61.04 and a beta of 0.49. Manchester United PLC has a 1-year low of $13.30 and a 1-year high of $18.99.
Manchester United PLC (NYSE:MANU) last released its quarterly earnings results on Thursday, November 17th. The company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($5.60) by $5.61. Manchester United PLC had a return on equity of 8.34% and a net margin of 6.71%. The company had revenue of $120.20 million for the quarter, compared to analyst estimates of $114.69 million. During the same period in the previous year, the company posted $0.02 earnings per share. The firm’s revenue was down 2.8% on a year-over-year basis. On average, equities analysts anticipate that Manchester United PLC will post $5.19 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the company. Morgan Stanley increased its stake in Manchester United PLC by 49.7% in the third quarter. Morgan Stanley now owns 124,775 shares of the company’s stock valued at $2,107,000 after buying an additional 41,422 shares during the period. JPMorgan Chase & Co. boosted its position in Manchester United PLC by 82.4% in the third quarter. JPMorgan Chase & Co. now owns 18,056 shares of the company’s stock valued at $305,000 after buying an additional 8,155 shares in the last quarter. Citadel Advisors LLC acquired a new position in Manchester United PLC during the second quarter valued at $243,000. Janus Capital Management LLC boosted its position in Manchester United PLC by 1.2% in the second quarter. Janus Capital Management LLC now owns 1,195,628 shares of the company’s stock valued at $19,046,000 after buying an additional 14,632 shares in the last quarter. Finally, Roundview Capital LLC boosted its position in Manchester United PLC by 2.2% in the second quarter. Roundview Capital LLC now owns 18,525 shares of the company’s stock valued at $295,000 after buying an additional 400 shares in the last quarter. 72.17% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently weighed in on MANU. Jefferies Group restated a “buy” rating on shares of Manchester United PLC in a research report on Monday, August 29th. Zacks Investment Research lowered Manchester United PLC from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 18th. Finally, Gabelli began coverage on Manchester United PLC in a research report on Monday, October 17th. They set a “buy” rating and a $23.40 price target on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Manchester United PLC presently has an average rating of “Buy” and a consensus price target of $20.92.
Manchester United PLC Company Profile
Manchester United plc, formerly Manchester United Ltd. operates a professional sports team. The Company plays spectator sports. It offers its services in commercial, broadcasting and matchday sectors. Within the commercial sector, it is engaged in sponsorship; retail, merchandising, apparel and product licensing, and mobile and content.
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