Unilever PLC (NYSE:UL) was the recipient of a significant decrease in short interest in the month of October. As of October 13th, there was short interest totalling 719,707 shares, a decrease of 47.0% from the September 29th total of 1,357,065 shares. Based on an average daily trading volume, of 1,200,740 shares, the days-to-cover ratio is presently 0.6 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mercer Capital Advisers Inc. boosted its position in Unilever PLC by 2.6% during the second quarter. Mercer Capital Advisers Inc. now owns 1,950 shares of the company’s stock valued at $106,000 after purchasing an additional 50 shares during the last quarter. Coastline Trust Co boosted its position in Unilever PLC by 1.2% during the second quarter. Coastline Trust Co now owns 4,375 shares of the company’s stock valued at $236,000 after purchasing an additional 50 shares during the last quarter. Strategic Global Advisors LLC boosted its position in Unilever PLC by 0.6% during the second quarter. Strategic Global Advisors LLC now owns 10,395 shares of the company’s stock valued at $563,000 after purchasing an additional 64 shares during the last quarter. First National Trust Co. boosted its position in Unilever PLC by 1.9% during the second quarter. First National Trust Co. now owns 4,585 shares of the company’s stock valued at $248,000 after purchasing an additional 87 shares during the last quarter. Finally, Bruderman Asset Management LLC boosted its position in Unilever PLC by 0.6% during the second quarter. Bruderman Asset Management LLC now owns 17,723 shares of the company’s stock valued at $959,000 after purchasing an additional 113 shares during the last quarter. 7.30% of the stock is owned by hedge funds and other institutional investors.

UL has been the subject of several research analyst reports. Zacks Investment Research lowered Unilever PLC from a “buy” rating to a “sell” rating in a research note on Saturday, October 14th. Royal Bank Of Canada lowered Unilever PLC from a “sector perform” rating to an “underperform” rating in a research note on Friday, August 11th. J P Morgan Chase & Co restated a “neutral” rating on shares of Unilever PLC in a research note on Thursday, September 7th. UBS AG restated a “neutral” rating on shares of Unilever PLC in a research note on Monday, July 17th. Finally, Morgan Stanley restated a “neutral” rating on shares of Unilever PLC in a research note on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $46.50.

Shares of Unilever PLC (NYSE:UL) opened at 55.52 on Tuesday. The firm has a market capitalization of $156.15 billion, a price-to-earnings ratio of 22.76 and a beta of 0.88. The firm’s 50-day moving average price is $57.60 and its 200 day moving average price is $55.71. Unilever PLC has a 52 week low of $38.58 and a 52 week high of $60.13.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Friday, November 3rd will be given a dividend of $0.4217 per share. This is a boost from Unilever PLC’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.69 dividend on an annualized basis and a yield of 3.04%.

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Unilever PLC Company Profile

Unilever PLC 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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