Unilever (NYSE:UL) Sees Strong Trading Volume

Unilever PLC (NYSE:UL – Get Rating) shares saw unusually-high trading volume on Wednesday . Approximately 233,382 shares were traded during trading, a decline of 95% from the previous session’s volume of 4,666,576 shares.The stock last traded at $44.36 and had previously closed at $43.56.

UL has been the subject of a number of research reports. Royal Bank of Canada upgraded shares of Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, February 15th. Societe Generale cut shares of Unilever from a “buy” rating to a “sell” rating in a research note on Monday, May 16th. StockNews.com upgraded shares of Unilever from a “hold” rating to a “buy” rating in a research note on Thursday, June 9th. Sanford C. Bernstein upgraded shares of Unilever from an “underperform” rating to a “market perform” rating in a research note on Monday, March 14th. Finally, The Goldman Sachs Group began coverage on shares of Unilever in a research note on Friday, February 25th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $57.01.

The firm’s 50 day simple moving average is $45.25 and its two-hundred day simple moving average is $48.52.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 16th. Shareholders of record on Friday, May 20th will be paid a $0.451 dividend. This represents a $1.80 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Thursday, May 19th.

A number of institutional investors have recently modified their holdings of UL. GQG Partners LLC acquired a new stake in Unilever in the 4th quarter worth about $391,267,000. Pendal Group Ltd raised its position in shares of Unilever by 29,662.4% in the 4th quarter. Pendal Group Ltd now owns 5,689,084 shares of the company’s stock valued at $303,662,000 after buying an additional 5,669,969 shares in the last quarter. Norges Bank acquired a new position in shares of Unilever in the 4th quarter valued at approximately $188,685,000. Wellington Management Group LLP raised its position in shares of Unilever by 16.0% in the 1st quarter. Wellington Management Group LLP now owns 17,225,391 shares of the company’s stock valued at $784,961,000 after buying an additional 2,378,067 shares in the last quarter. Finally, Equity Investment Corp acquired a new position in shares of Unilever in the 1st quarter valued at approximately $59,188,000. Institutional investors and hedge funds own 16.81% of the company’s stock.

Unilever Company Profile (NYSE:UL)

Unilever PLC operates as a fast-moving consumer goods company. It operates through Beauty & Personal Care, Foods & Refreshment, and Home Care segments. The Beauty & Personal Care segment provides skin care and hair care products, deodorants, and skin cleansing products. The Foods & Refreshment segment offers ice cream, soups, bouillons, seasonings, mayonnaise, ketchups, and tea categories.

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