Unilever N.V. (NYSE:UL) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 963,500 shares, a decline of 12.1% from the June 30th total of 1,096,500 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 670,900 shares, the short-interest ratio is currently 1.4 days.
A number of equities analysts have recently weighed in on UL shares. Credit Suisse Group raised shares of Unilever from a “neutral” rating to an “outperform” rating in a research report on Friday, May 3rd. DZ Bank lowered shares of Unilever from a “buy” rating to a “hold” rating in a research report on Thursday, April 25th. Zacks Investment Research lowered shares of Unilever from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Finally, HSBC started coverage on shares of Unilever in a research report on Friday, June 28th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $66.00.
Institutional investors have recently added to or reduced their stakes in the stock. Strategy Asset Managers LLC purchased a new stake in Unilever in the first quarter valued at approximately $25,000. CX Institutional purchased a new stake in Unilever in the second quarter valued at approximately $25,000. Ropes Wealth Advisors LLC purchased a new stake in Unilever in the second quarter valued at approximately $26,000. Interactive Financial Advisors purchased a new stake in Unilever in the first quarter valued at approximately $29,000. Finally, Lenox Wealth Management Inc. grew its holdings in Unilever by 225.3% in the second quarter. Lenox Wealth Management Inc. now owns 566 shares of the company’s stock valued at $35,000 after purchasing an additional 392 shares during the period. Hedge funds and other institutional investors own 7.03% of the company’s stock.
Unilever stock traded up $0.12 during trading on Wednesday, reaching $59.61. The company had a trading volume of 352,987 shares, compared to its average volume of 839,240. Unilever has a 12-month low of $50.80 and a 12-month high of $64.10. The business’s 50 day moving average price is $61.57. The stock has a market capitalization of $68.78 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 2.49 and a beta of 0.55.
Unilever PLC operates in the fast moving consumer goods industry worldwide. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment offers skin care and hair care products, deodorants, and oral care products primarily under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, and Vaseline brands.
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