Unilever PLC (NYSE: UL) Plunges -0.65% And Its 0.75% Stock Volatility Is Bewildering

Unilever PLC (NYSE:UL) does about 2.00M shares in volume on a normal day but saw 3528343 shares change hands in Friday trading. The company now has a market cap of 128.63B USD . Its current market price is $50.62, marking a decrease of -0.65% compared to the previous close of $50.95. The 52 week high reached by this stock is $55.99 whilst the lowest price level in 52 weeks is $42.44. The script in recent trading has seen the stock touch a high of $50.76 and a low of $50.415.

Unilever PLC (UL) has a 20-day trading average at $52.40 and the current price is -9.59% off the 52-week high compared with 19.27% distance from its 52-week low. The 50-day simple moving average of the closing price is $51.88 and its 200-day simple moving average is $51.23. If we look at the stock’s price movements over the week, volatility stands at 0.75%, which increases to 0.82% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 35.17 to suggest the stock is neutral.

24 analysts observing the Unilever PLC (UL) stock have set the 12-month price targets for the company’s shares at between $41.18 and $68.01. The consensus objective for the share price is $54.00, suggesting that the stock has a potential upside of 6.26% over the period. The median price target is 12.95% away from the current levels at $58.15.

FactSet Research has provided data showing that 24 brokerages have issued ratings for the stock. 3 analysts have rated it as a sell, while 1 advise that it is a overweight. 9 analysts have rated it as a buy and 9 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.

The current price level is -3.55%, -2.40%, and -1.15% away from its SMA20, SMA50, and SMA200 respectively, with the UL price moving above the 50-day SMA on August 18. Unilever PLC (UL) stock is down -2.52% over the week and -3.01% over the past month. Its price is 0.54% year-to-date and 6.23% over the past year.

The company’s next earnings report is expected on 10/26/2023.

Its 12-month price target is $58.15. To reach the target analysts have set, the stock logically needs to grow 6.26 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $41.18, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $68.01.

Outstanding shares total 2.52B with insiders holding 0.00% of the shares and institutional holders owning 10.91% of the company’s common stock. The company has a return on investment of 18.00%. The price to earnings ratio (P/E ratio) amounts to 14.31. The beta has a value of 0.46. Price to book ratio is 6.11 and price to sales ratio is 1.94.

According to a U.S. Securities and Exchange Commission filing, Vanguard Equity Income Fund has reduced its position in Unilever PLC (UL) to 12,835,796 shares, mirroring a recent drop by -5.00%. Vanguard Equity Income Fund dumped -0.68 million shares of Unilever PLC common stock bringing its total worth to about $689.67 million at the end of recent close, SEC documents show. Vanguard Equity Income Fund isn’t the only investment manager who changed stakes and is followed by Vanguard Wellesley Income Fund, which sold off -0.54 million shares to end up with 8,045,100 shares worth $432.26 million. BlackRock Equity Dividend Fund cut their holdings by -1.20% in the company over the course of the most recent quarter. It now holds a 0.30% position in Unilever PLC thanks to 7.48 million shares amounting to $401.91 million.