Unilever PLC (LON:ULVR) Insider Sells £138,876,797.26 in Stock

Unilever PLC (LON:ULVR) insider Nelson Peltz sold 2,931,127 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of GBX 4,738 ($60.50), for a total transaction of £138,876,797.26 ($177,319,710.50).

Unilever Stock Up 0.4 %

Shares of LON ULVR traded up GBX 21 ($0.27) during midday trading on Wednesday, hitting GBX 4,747 ($60.61). 3,767,083 shares of the company’s stock were exchanged, compared to its average volume of 3,958,015. The firm’s fifty day simple moving average is GBX 4,502.09 and its 200-day simple moving average is GBX 4,182.14. The company has a debt-to-equity ratio of 137.49, a current ratio of 0.77 and a quick ratio of 0.49. The company has a market cap of £118.20 billion, a PE ratio of 2,117.78, a P/E/G ratio of 17.14 and a beta of 0.20. Unilever PLC has a twelve month low of GBX 3,680.50 ($46.99) and a twelve month high of GBX 4,920 ($62.82).

Unilever Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 8th will be issued a dividend of GBX 36.96 ($0.47) per share. The ex-dividend date is Thursday, August 8th. This represents a yield of 0.84%. This is a boost from Unilever’s previous dividend of $36.74. Unilever’s dividend payout ratio (DPR) is presently 6,533.33%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 4,960 ($63.33) price objective on shares of Unilever in a report on Thursday, April 25th. Jefferies Financial Group increased their target price on Unilever from GBX 3,700 ($47.24) to GBX 4,000 ($51.07) and gave the stock an “underperform” rating in a research note on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Unilever in a research note on Thursday, July 4th.

Unilever Company Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.