Lindbrook Capital LLC Has $387,000 Stock Holdings in Unilever PLC (NYSE:UL)

Lindbrook Capital LLC lowered its stake in Unilever PLC (NYSE:UL) by 8.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,959 shares of the company’s stock after selling 579 shares during the quarter. Lindbrook Capital LLC’s holdings in Unilever were worth $387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in shares of Unilever by 26.2% in the second quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock worth $241,145,000 after acquiring an additional 911,443 shares in the last quarter. Lazard Asset Management LLC grew its position in Unilever by 19.3% during the 1st quarter. Lazard Asset Management LLC now owns 4,132,640 shares of the company’s stock worth $207,416,000 after purchasing an additional 668,913 shares in the last quarter. Saratoga Research & Investment Management raised its stake in Unilever by 0.8% during the 2nd quarter. Saratoga Research & Investment Management now owns 2,767,207 shares of the company’s stock valued at $152,169,000 after purchasing an additional 22,325 shares during the period. Hamlin Capital Management LLC grew its holdings in shares of Unilever by 7.9% during the third quarter. Hamlin Capital Management LLC now owns 2,667,380 shares of the company’s stock valued at $173,273,000 after buying an additional 194,165 shares in the last quarter. Finally, Fiera Capital Corp raised its position in Unilever by 1,866.0% during the second quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock valued at $117,451,000 after buying an additional 2,027,221 shares during the period. Institutional investors and hedge funds own 9.67% of the company’s stock.

Unilever Price Performance

Shares of Unilever stock opened at $59.00 on Friday. The firm has a fifty day moving average price of $63.34 and a two-hundred day moving average price of $59.08. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87.

Unilever Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be given a dividend of $0.4755 per share. The ex-dividend date is Friday, November 8th. This is an increase from Unilever’s previous quarterly dividend of $0.35. This represents a $1.90 dividend on an annualized basis and a yield of 3.22%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Unilever from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. UBS Group upgraded shares of Unilever to a “strong sell” rating in a report on Tuesday, July 30th. TD Cowen assumed coverage on Unilever in a report on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target on the stock. Finally, Bank of America upgraded shares of Unilever from an “underperform” rating to a “buy” rating and raised their target price for the company from $47.00 to $72.00 in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $61.75.

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.