Unilever (UN) Sees Significant Decline in Short Interest

Unilever (NYSE:UN) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 1,874,665 shares, a decrease of 36.2% from the April 13th total of 2,937,820 shares. Based on an average trading volume of 1,204,134 shares, the days-to-cover ratio is currently 1.6 days.

Several large investors have recently bought and sold shares of UN. SeaCrest Wealth Management LLC bought a new stake in shares of Unilever in the 4th quarter valued at $113,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in Unilever during the fourth quarter worth $120,000. Loomis Sayles & Co. L P boosted its stake in Unilever by 248.4% during the first quarter. Loomis Sayles & Co. L P now owns 3,191 shares of the company’s stock worth $180,000 after acquiring an additional 2,275 shares in the last quarter. Icon Wealth Partners LLC bought a new position in Unilever during the fourth quarter worth $182,000. Finally, Arthur M. Cohen & Associates LLC bought a new position in Unilever during the fourth quarter worth $186,000. 8.34% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on UN. ABN Amro upgraded shares of Unilever from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Investec raised shares of Unilever from a “hold” rating to a “buy” rating in a research note on Monday, January 29th. Zacks Investment Research lowered shares of Unilever from a “hold” rating to a “sell” rating in a research note on Friday, April 13th. UBS raised shares of Unilever from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 28th. Finally, JPMorgan Chase reaffirmed a “neutral” rating on shares of Unilever in a research note on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $66.00.

NYSE:UN opened at $55.82 on Friday. Unilever has a 52 week low of $55.47 and a 52 week high of $55.91. The firm has a market capitalization of $96.28 billion, a PE ratio of 22.06, a PEG ratio of 2.83 and a beta of 0.83.

The company also recently disclosed a special dividend, which will be paid on Wednesday, June 6th. Stockholders of record on Friday, May 4th will be paid a $0.4789 dividend. The ex-dividend date of this dividend is Thursday, May 3rd. Unilever’s dividend payout ratio is currently 64.43%.

About Unilever

Unilever N.V. operates in the fast-moving consumer goods industry worldwide. The company operates through Personal Care, Home Care, Foods, and Refreshment segments. The Personal Care segment offers skincare and haircare products, deodorants, and oral care products. This segment markets its products under the Axe, Dove, Lux, Rexona, Sunsilk, TRESemmé, Signal, Lifebuoy, Vaseline, Dermalogica, Murad, Dollar Shave Club, Zest & Camay, and Seventh Generation brands.

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