Short Interest in Unilever PLC (NYSE:UL) Decreases By 20.6%

Unilever PLC (NYSE:ULGet Rating) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 3,090,000 shares, a decline of 20.6% from the October 15th total of 3,890,000 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 2,750,000 shares, the short-interest ratio is presently 1.1 days.

Unilever Stock Performance

NYSE:UL opened at $47.16 on Friday. Unilever has a 12 month low of $42.44 and a 12 month high of $54.35. The company’s 50-day moving average price is $44.88 and its two-hundred day moving average price is $45.65.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Friday, November 18th will be given a dividend of $0.4211 per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.57%.

Analyst Ratings Changes

UL has been the topic of several recent analyst reports. Berenberg Bank upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Monday, September 26th. Morgan Stanley lifted their target price on shares of Unilever from $42.75 to $46.00 in a report on Tuesday, November 1st. DZ Bank downgraded shares of Unilever from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Unilever from a “hold” rating to a “buy” rating in a report on Tuesday, July 26th. Finally, Sanford C. Bernstein upgraded shares of Unilever from a “market perform” rating to an “outperform” rating in a report on Friday, July 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $46.00.

Hedge Funds Weigh In On Unilever

Large investors have recently modified their holdings of the stock. Roosevelt Investment Group LLC increased its stake in Unilever by 0.7% in the second quarter. Roosevelt Investment Group LLC now owns 30,822 shares of the company’s stock valued at $1,413,000 after purchasing an additional 219 shares in the last quarter. Strategic Advisors LLC increased its stake in Unilever by 0.4% in the first quarter. Strategic Advisors LLC now owns 59,348 shares of the company’s stock valued at $2,704,000 after purchasing an additional 221 shares in the last quarter. Cardinal Capital Management increased its position in shares of Unilever by 0.7% during the second quarter. Cardinal Capital Management now owns 34,121 shares of the company’s stock worth $1,564,000 after acquiring an additional 224 shares in the last quarter. Harrington Investments INC increased its position in shares of Unilever by 1.2% during the second quarter. Harrington Investments INC now owns 18,336 shares of the company’s stock worth $840,000 after acquiring an additional 225 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its position in shares of Unilever by 3.7% during the second quarter. Washington Trust Advisors Inc. now owns 6,557 shares of the company’s stock worth $301,000 after acquiring an additional 235 shares in the last quarter. 9.68% of the stock is currently owned by institutional investors and hedge funds.

Unilever Company Profile

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Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products. The Foods & Refreshment segment offers ice cream, soups, bouillons, seasonings, mayonnaise, ketchups, and tea categories.

Further Reading

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