Unilever (LON:ULVR) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Unilever PLC (LON:ULVR)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,470.16 ($58.37) and traded as high as GBX 4,875 ($63.66). Unilever shares last traded at GBX 4,857 ($63.42), with a volume of 3,796,058 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ULVR shares. Jefferies Financial Group raised their price target on shares of Unilever from GBX 3,700 ($48.32) to GBX 4,000 ($52.23) and gave the stock an “underperform” rating in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Unilever in a research report on Thursday, July 4th.

Unilever Price Performance

The company has a quick ratio of 0.49, a current ratio of 0.77 and a debt-to-equity ratio of 137.49. The stock has a market capitalization of £118.74 billion, a price-to-earnings ratio of 2,207.73, a P/E/G ratio of 16.72 and a beta of 0.22. The business’s 50 day simple moving average is GBX 4,844.18 and its 200-day simple moving average is GBX 4,470.16.

Unilever Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 8th were given a dividend of GBX 36.96 ($0.48) per share. This is a positive change from Unilever’s previous dividend of $36.74. The ex-dividend date of this dividend was Thursday, August 8th. This represents a dividend yield of 0.84%. Unilever’s dividend payout ratio (DPR) is currently 6,681.82%.

Insider Buying and Selling at Unilever

In related news, insider Nelson Peltz sold 2,931,127 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of GBX 4,738 ($61.87), for a total transaction of £138,876,797.26 ($181,348,651.42). Company insiders own 0.13% of the company’s stock.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.