Spirepoint Private Client LLC Makes New Investment in Unilever PLC $UL

Spirepoint Private Client LLC purchased a new stake in shares of Unilever PLC (NYSE:UL) in the second quarter, according to its most recent filing with the SEC. The firm purchased 26,181 shares of the company’s stock, valued at approximately $1,601,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Unilever by 5.4% in the 4th quarter. Brighton Jones LLC now owns 10,572 shares of the company’s stock worth $599,000 after buying an additional 539 shares during the period. Voloridge Investment Management LLC bought a new stake in shares of Unilever in the 4th quarter valued at approximately $683,000. Centaurus Financial Inc. grew its position in shares of Unilever by 2.2% during the 4th quarter. Centaurus Financial Inc. now owns 8,721 shares of the company’s stock valued at $494,000 after buying an additional 190 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Unilever by 41.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 156,469 shares of the company’s stock worth $8,872,000 after purchasing an additional 45,941 shares during the period. Finally, Confluence Investment Management LLC boosted its holdings in shares of Unilever by 5.5% during the first quarter. Confluence Investment Management LLC now owns 13,329 shares of the company’s stock valued at $794,000 after acquiring an additional 690 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Price Performance

Shares of NYSE:UL opened at $59.30 on Friday. The stock has a market capitalization of $145.50 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 3.57 and a beta of 0.40. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.87. The business’s fifty day moving average price is $61.61 and its two-hundred day moving average price is $61.59.

Unilever Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were issued a $0.5175 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.07 annualized dividend and a yield of 3.5%. This is an increase from Unilever’s previous quarterly dividend of $0.52. Unilever’s payout ratio is currently 59.31%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on UL shares. Zacks Research raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. CICC Research assumed coverage on Unilever in a report on Thursday, August 21st. They issued an “outperform” rating for the company. Finally, Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a report on Sunday, August 3rd. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

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.