Unilever PLC (NYSE:UL) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 1,939,463 shares, a growth of 58.4% from the August 31st total of 1,224,152 shares. Based on an average daily trading volume, of 1,400,622 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.2% of the shares of the company are short sold.
A number of hedge funds have recently bought and sold shares of UL. Jane Street Group LLC boosted its position in shares of Unilever PLC by 198.4% in the second quarter. Jane Street Group LLC now owns 1,134,028 shares of the company’s stock valued at $54,331,000 after buying an additional 753,976 shares during the period. OLD Mission Capital LLC bought a new position in shares of Unilever PLC during the first quarter valued at about $13,968,000. Bank of Montreal Can bought a new position in shares of Unilever PLC during the second quarter valued at about $13,871,000. Ameriprise Financial Inc. boosted its position in shares of Unilever PLC by 33.9% in the second quarter. Ameriprise Financial Inc. now owns 997,344 shares of the company’s stock valued at $47,886,000 after buying an additional 252,508 shares during the period. Finally, Ingalls & Snyder LLC bought a new position in shares of Unilever PLC during the second quarter valued at about $11,132,000. Institutional investors and hedge funds own 8.57% of the company’s stock.
Unilever PLC (NYSE:UL) opened at 46.40 on Friday. The firm’s 50-day moving average price is $46.99 and its 200 day moving average price is $46.25. Unilever PLC has a 12-month low of $39.86 and a 12-month high of $48.97. The stock has a market cap of $131.72 billion, a PE ratio of 23.92 and a beta of 0.74.
Several research firms have recently commented on UL. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Unilever PLC in a research note on Tuesday, July 12th. Sanford C. Bernstein began coverage on Unilever PLC in a research report on Monday, August 22nd. They set an “outperform” rating for the company. Royal Bank Of Canada cut Unilever PLC from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 22nd. Deutsche Bank AG reiterated a “buy” rating on shares of Unilever PLC in a research report on Thursday, August 25th. Finally, RBC Capital Markets reiterated a “sector perform” rating on shares of Unilever PLC in a research report on Sunday, July 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. Unilever PLC has an average rating of “Hold” and a consensus price target of $51.00.
Unilever PLC Company Profile
Unilever PLC is a supplier of food, home and personal care products. The Company’s portfolio ranges from nutritionally balanced foods to indulgent ice creams, soaps, shampoos and household care products. The Company operates through four segments: Personal Care, Foods, Home Care and Refreshment. The Personal Care segment includes sales of skin care and hair care products, deodorants and oral care products.
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