Brighton Jones LLC Has $723,000 Position in Unilever PLC $UL

Brighton Jones LLC boosted its holdings in shares of Unilever PLC (NYSE:UL) by 16.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,821 shares of the company’s stock after buying an additional 1,684 shares during the period. Brighton Jones LLC’s holdings in Unilever were worth $723,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of UL. N.E.W. Advisory Services LLC bought a new position in shares of Unilever during the first quarter valued at $30,000. Brentview Investment Management LLC bought a new position in shares of Unilever during the first quarter valued at $33,000. Richardson Financial Services Inc. lifted its holdings in shares of Unilever by 209.0% during the first quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock valued at $37,000 after acquiring an additional 418 shares during the period. Financial Connections Group Inc. bought a new position in shares of Unilever during the second quarter valued at $39,000. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of Unilever during the second quarter valued at $55,000. Institutional investors and hedge funds own 9.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UL. Zacks Research cut Unilever from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Unilever in a report on Wednesday, October 8th. CICC Research initiated coverage on Unilever in a report on Thursday, August 21st. They set an “outperform” rating for the company. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a research report on Sunday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

Unilever Price Performance

Shares of NYSE:UL opened at $61.88 on Wednesday. Unilever PLC has a 1-year low of $54.32 and a 1-year high of $65.66. The business has a 50-day moving average price of $61.64 and a two-hundred day moving average price of $61.86.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be issued a dividend of $0.5258 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $2.10 annualized dividend and a yield of 3.4%. This is an increase from Unilever’s previous quarterly dividend of $0.52.

Unilever Company Profile

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.