Unilever NV (UN) Sees Large Decline in Short Interest

Unilever NV (NYSE:UN) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totalling 904,559 shares, a decline of 31.4% from the May 31st total of 1,318,007 shares. Based on an average trading volume of 1,520,297 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are short sold.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Unilever from a “hold” rating to a “sell” rating in a research report on Friday, April 13th. UBS Group raised Unilever from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 28th. Argus raised Unilever from a “hold” rating to a “buy” rating in a research report on Friday, March 23rd. They noted that the move was a valuation call. Finally, Goldman Sachs Group raised Unilever from a “sell” rating to a “neutral” rating in a research report on Sunday, March 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Unilever presently has a consensus rating of “Hold” and an average target price of $66.00.

Large investors have recently made changes to their positions in the stock. Loomis Sayles & Co. L P increased its position in Unilever by 248.4% during the 1st quarter. Loomis Sayles & Co. L P now owns 3,191 shares of the company’s stock valued at $180,000 after buying an additional 2,275 shares in the last quarter. Icon Wealth Partners LLC acquired a new position in Unilever during the 4th quarter valued at about $182,000. Ancora Advisors LLC acquired a new position in Unilever during the 1st quarter valued at about $205,000. Private Capital Group LLC increased its position in Unilever by 779.5% during the 1st quarter. Private Capital Group LLC now owns 3,694 shares of the company’s stock valued at $208,000 after buying an additional 3,274 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new position in Unilever during the 4th quarter valued at about $212,000. 8.53% of the stock is currently owned by institutional investors.

Shares of Unilever opened at $55.06 on Tuesday, Marketbeat Ratings reports. Unilever has a 1 year low of $51.56 and a 1 year high of $61.62. The stock has a market cap of $95.54 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 2.81 and a beta of 0.82.

The firm also recently announced a special dividend, which was paid on Wednesday, June 6th. Investors of record on Friday, May 4th were given a dividend of $0.4789 per share. The ex-dividend date of this dividend was Thursday, May 3rd. Unilever’s dividend payout ratio is currently 64.43%.

Unilever Company Profile

Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The company operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, Vaseline, Dermalogica, Murad, Dollar Shave Club, Zest & Camay, and Seventh Generation brands.

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