Brighton Jones LLC Sells 1,215 Shares of Unilever PLC (NYSE:UL)

Brighton Jones LLC trimmed its position in shares of Unilever PLC (NYSE:UL) by 14.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,275 shares of the company’s stock after selling 1,215 shares during the period. Brighton Jones LLC’s holdings in Unilever were worth $400,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UL. Red Tortoise LLC bought a new stake in Unilever during the first quarter valued at about $26,000. Rise Advisors LLC bought a new stake in Unilever during the 1st quarter valued at approximately $28,000. Quent Capital LLC purchased a new position in Unilever in the 1st quarter worth approximately $28,000. ST Germain D J Co. Inc. boosted its stake in Unilever by 423.8% in the 2nd quarter. ST Germain D J Co. Inc. now owns 529 shares of the company’s stock worth $29,000 after purchasing an additional 428 shares during the period. Finally, YHB Investment Advisors Inc. purchased a new stake in Unilever during the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Stock Performance

NYSE UL opened at $64.41 on Friday. The business’s 50 day moving average price is $62.09 and its 200-day moving average price is $55.75. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $65.86. The company has a market cap of $160.53 billion, a P/E ratio of 18.78, a P/E/G ratio of 1.98 and a beta of 0.48.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were paid a $0.4773 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.91 annualized dividend and a dividend yield of 2.96%. This is an increase from Unilever’s previous quarterly dividend of $0.46. Unilever’s dividend payout ratio is currently 55.10%.

Analysts Set New Price Targets

Several equities analysts have recently commented on UL shares. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a report on Saturday, August 3rd. Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a research report on Friday, June 7th. Bank of America upgraded Unilever from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. TD Cowen initiated coverage on Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target for the company. Finally, UBS Group upgraded Unilever to a “strong sell” rating in a research report on Tuesday, July 30th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $61.75.

Unilever 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.