Unilever NV (NYSE:UN) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 881,200 shares, a decline of 19.9% from the June 30th total of 1,100,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,160,000 shares, the short-interest ratio is currently 0.4 days.
UN has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Unilever from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Wednesday. DZ Bank downgraded shares of Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unilever in a report on Monday, May 4th. Royal Bank of Canada reiterated an “underperform” rating on shares of Unilever in a report on Monday, July 6th. Finally, UBS Group downgraded shares of Unilever from a “neutral” rating to a “sell” rating in a report on Monday, June 29th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $59.50.
Institutional investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP purchased a new stake in shares of Unilever in the 1st quarter worth approximately $234,000. Advisor Group Holdings Inc. purchased a new stake in shares of Unilever in the 1st quarter worth approximately $5,527,000. Courier Capital LLC lifted its position in shares of Unilever by 19.5% in the 2nd quarter. Courier Capital LLC now owns 5,513 shares of the company’s stock worth $298,000 after purchasing an additional 900 shares during the period. Principal Financial Group Inc. lifted its position in shares of Unilever by 40.7% in the 1st quarter. Principal Financial Group Inc. now owns 8,640 shares of the company’s stock worth $422,000 after purchasing an additional 2,500 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Unilever by 7.7% in the 1st quarter. Geode Capital Management LLC now owns 39,326 shares of the company’s stock worth $1,918,000 after purchasing an additional 2,814 shares during the period. 8.66% of the stock is owned by institutional investors.
Unilever stock opened at $59.03 on Friday. The stock has a market cap of $101.22 billion, a price-to-earnings ratio of 20.64 and a beta of 0.51. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.86 and a quick ratio of 0.63. Unilever has a 1 year low of $42.00 and a 1 year high of $63.62. The firm has a 50-day moving average of $54.83 and a two-hundred day moving average of $53.01.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 7th will be given a $0.4694 dividend. This represents a $1.88 annualized dividend and a yield of 3.18%. This is a boost from Unilever’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, August 6th. Unilever’s payout ratio is 60.84%.
Unilever Company Profile
Unilever N.V. operates in the fast-moving consumer goods industry worldwide. It operates in three segments: Beauty & Personal Care, Foods & Refreshment, and Home Care. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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