Unilever NV (UN) Short Interest Update
Unilever NV (NYSE:UN) saw a significant increase in short interest during the month of October. As of October 13th, there was short interest totalling 3,364,784 shares, an increase of 42.9% from the September 29th total of 2,354,144 shares. Based on an average daily trading volume, of 2,072,314 shares, the days-to-cover ratio is presently 1.6 days.
Several hedge funds and other institutional investors have recently modified their holdings of UN. FMR LLC grew its stake in shares of Unilever NV by 20.4% during the 2nd quarter. FMR LLC now owns 14,213,201 shares of the company’s stock worth $785,563,000 after purchasing an additional 2,408,645 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Unilever NV by 67.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,456,768 shares of the company’s stock worth $80,515,000 after purchasing an additional 584,455 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of Unilever NV during the 3rd quarter worth approximately $22,769,000. Eaton Vance Management grew its stake in shares of Unilever NV by 972.0% during the 2nd quarter. Eaton Vance Management now owns 243,092 shares of the company’s stock worth $13,436,000 after purchasing an additional 220,416 shares during the period. Finally, BlackRock Inc. grew its stake in shares of Unilever NV by 1.9% during the 2nd quarter. BlackRock Inc. now owns 9,343,387 shares of the company’s stock worth $516,410,000 after purchasing an additional 176,316 shares during the period. 8.97% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Unilever NV from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Thursday, September 28th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Unilever NV in a report on Thursday, September 7th. UBS AG reaffirmed a “neutral” rating on shares of Unilever NV in a report on Monday, July 17th. BidaskClub raised shares of Unilever NV from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Finally, Royal Bank Of Canada downgraded shares of Unilever NV from a “sector perform” rating to an “underperform” rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $66.00.
Unilever NV (NYSE UN) opened at 56.93 on Tuesday. The stock has a market cap of $160.12 billion, a P/E ratio of 23.34 and a beta of 0.90. Unilever NV has a one year low of $38.41 and a one year high of $61.62. The firm’s 50-day moving average is $58.97 and its 200 day moving average is $56.92.
The company also recently disclosed a dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Friday, November 3rd will be paid a dividend of $0.422 per share. This is a boost from Unilever NV’s previous dividend of $0.30. The ex-dividend date is Thursday, November 2nd.
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About Unilever NV
Unilever N.V. is a fast-moving consumer goods (FMCG) company. The Company’s segments include Personal Care, which primarily includes sales of skin care and hair care products, deodorants and oral care products; Foods, which primarily includes sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; Home Care, which primarily includes sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products, and Refreshment, which primarily includes sales of ice cream and tea-based beverages.
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