Unilever plc (NYSE:UL) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,196,046 shares, an increase of 66.2% from the October 13th total of 719,707 shares. Based on an average trading volume of 1,752,248 shares, the short-interest ratio is currently 0.7 days.
Unilever (NYSE UL) traded up $0.21 during trading hours on Wednesday, reaching $56.07. 3,364,480 shares of the company’s stock traded hands, compared to its average volume of 1,677,811. Unilever has a 52-week low of $39.08 and a 52-week high of $60.13.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 3rd will be issued a $0.4217 dividend. The ex-dividend date is Thursday, November 2nd. This is an increase from Unilever’s previous quarterly dividend of $0.41. This represents a $1.69 annualized dividend and a yield of 3.01%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in UL. FMR LLC boosted its holdings in Unilever by 988.1% in the 1st quarter. FMR LLC now owns 175,445 shares of the company’s stock worth $8,657,000 after buying an additional 159,321 shares during the period. Teachers Advisors LLC boosted its holdings in Unilever by 48,716.1% in the 1st quarter. Teachers Advisors LLC now owns 199,658 shares of the company’s stock valued at $9,851,000 after purchasing an additional 199,249 shares during the period. Geode Capital Management LLC boosted its holdings in Unilever by 3.2% in the 1st quarter. Geode Capital Management LLC now owns 23,196 shares of the company’s stock valued at $1,144,000 after purchasing an additional 724 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Unilever by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 765,553 shares of the company’s stock valued at $37,772,000 after purchasing an additional 10,347 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its holdings in Unilever by 10.0% in the 2nd quarter. Chevy Chase Trust Holdings Inc. now owns 7,154 shares of the company’s stock valued at $387,000 after purchasing an additional 650 shares during the period. 7.10% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Unilever from a “buy” rating to a “sell” rating in a research report on Saturday, October 14th. J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever in a research report on Thursday, September 7th. Morgan Stanley reiterated a “neutral” rating on shares of Unilever in a report on Wednesday, October 11th. Finally, Royal Bank Of Canada cut shares of Unilever 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, seven have issued a hold rating and three have issued a buy rating to the company. Unilever has an average rating of “Hold” and an average target price of $46.50.
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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