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 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.
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, TRESemmÃ©, and Vaseline brands.
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