Short Interest in Unilever PLC (NYSE:UL) Declines By 26.8%


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Unilever PLC (NYSE:UL) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 1,940,000 shares, a drop of 26.8% from the March 31st total of 2,650,000 shares. Based on an average trading volume of 2,330,000 shares, the short-interest ratio is currently 0.8 days.

Unilever stock traded down $1.06 during mid-day trading on Tuesday, reaching $58.15. The company had a trading volume of 219,560 shares, compared to its average volume of 2,228,707. The business has a fifty day simple moving average of $56.62 and a 200 day simple moving average of $57.98. The company has a market cap of $152.89 billion, a P/E ratio of 20.42, a P/E/G ratio of 4.19 and a beta of 0.44. Unilever has a fifty-two week low of $49.75 and a fifty-two week high of $63.89.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Friday, May 21st will be paid a dividend of $0.5159 per share. The ex-dividend date of this dividend is Thursday, May 20th. This represents a $2.06 annualized dividend and a dividend yield of 3.55%. This is an increase from Unilever’s previous quarterly dividend of $0.51. Unilever’s dividend payout ratio (DPR) is presently 71.33%.

Several hedge funds have recently added to or reduced their stakes in UL. IAG Wealth Partners LLC bought a new position in Unilever during the fourth quarter worth $25,000. Focused Wealth Management Inc grew its holdings in Unilever by 68.1% in the first quarter. Focused Wealth Management Inc now owns 454 shares of the company’s stock worth $25,000 after purchasing an additional 184 shares during the period. NuWave Investment Management LLC acquired a new stake in Unilever in the fourth quarter worth $28,000. Atticus Wealth Management LLC acquired a new stake in Unilever in the fourth quarter worth $28,000. Finally, Pin Oak Investment Advisors Inc. grew its holdings in Unilever by 91.7% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 485 shares of the company’s stock worth $29,000 after purchasing an additional 232 shares during the period.

Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Unilever from a “sell” rating to a “hold” rating in a research report on Tuesday, April 13th. Societe Generale reiterated a “sell” rating on shares of Unilever in a research report on Wednesday, April 14th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $69.00.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in Asia, Africa, the Middle East, Turkey, Russia, Ukraine, Belarus, the Americas, and Europe. 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 under the Axe, Clear, Dove, Lifebuoy, Lux, Pond's, Rexona, Signal, Suave, Sunsilk, TRESemmé, and Vaseline brands.

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