Unilever N.V. (NYSE:UL) saw a significant drop in short interest in September. As of September 30th, there was short interest totalling 772,100 shares, a drop of 31.7% from the August 30th total of 1,130,000 shares. Based on an average daily volume of 720,600 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.1% of the company’s stock are sold short.
A number of brokerages recently weighed in on UL. HSBC began coverage on Unilever in a research report on Friday, June 28th. They set a “hold” rating on the stock. Goldman Sachs Group raised Unilever from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Barclays reaffirmed a “sell” rating on shares of Unilever in a research report on Tuesday, September 10th. Finally, Zacks Investment Research raised Unilever from a “sell” rating to a “hold” rating in a research report on Saturday, September 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $66.00.
Hedge funds and other institutional investors have recently modified their holdings of the business. CX Institutional acquired a new stake in Unilever in the second quarter worth about $25,000. Ropes Wealth Advisors LLC acquired a new stake in Unilever in the second quarter worth about $26,000. Interactive Financial Advisors acquired a new stake in Unilever in the first quarter worth about $29,000. Lenox Wealth Management Inc. boosted its holdings in Unilever by 225.3% in the second quarter. Lenox Wealth Management Inc. now owns 566 shares of the company’s stock worth $35,000 after acquiring an additional 392 shares in the last quarter. Finally, Adirondack Trust Co. boosted its holdings in Unilever by 258.8% in the second quarter. Adirondack Trust Co. now owns 610 shares of the company’s stock worth $38,000 after acquiring an additional 440 shares in the last quarter. 7.05% of the stock is owned by institutional investors and hedge funds.
Shares of UL stock opened at $59.15 on Friday. Unilever has a 1-year low of $50.80 and a 1-year high of $64.84. The stock’s 50-day moving average is $61.29 and its 200 day moving average is $60.78. The company has a market cap of $69.12 billion, a P/E ratio of 21.35, a PEG ratio of 2.53 and a beta of 0.50.
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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