Envestnet Portfolio Solutions Inc. Has $8.71 Million Stock Holdings in Unilever PLC (NYSE:UL)

Envestnet Portfolio Solutions Inc. reduced its stake in shares of Unilever PLC (NYSE:ULFree Report) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 179,569 shares of the company’s stock after selling 21,504 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Unilever were worth $8,705,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Life Planning Partners Inc acquired a new stake in shares of Unilever in the 4th quarter valued at $27,000. Jones Financial Companies Lllp grew its position in Unilever by 111.5% in the third quarter. Jones Financial Companies Lllp now owns 552 shares of the company’s stock valued at $27,000 after acquiring an additional 291 shares during the last quarter. VisionPoint Advisory Group LLC raised its stake in Unilever by 215.1% during the third quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after acquiring an additional 400 shares in the last quarter. Evolution Advisers Inc. bought a new position in shares of Unilever in the fourth quarter worth about $34,000. Finally, Planned Solutions Inc. bought a new position in shares of Unilever in the fourth quarter worth about $44,000. 9.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research 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 Wednesday, May 1st. Morgan Stanley cut shares of Unilever from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $52.00 to $48.00 in a report on Tuesday, February 27th. Finally, Argus increased their target price on shares of Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $54.00.

Get Our Latest Analysis on Unilever

Unilever Stock Up 0.8 %

NYSE UL traded up $0.41 during trading hours on Monday, reaching $53.92. The company’s stock had a trading volume of 2,181,726 shares, compared to its average volume of 2,922,813. The firm has a fifty day simple moving average of $49.55 and a 200-day simple moving average of $48.85. Unilever PLC has a 52 week low of $46.16 and a 52 week high of $54.38.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.4556 per share. This represents a $1.82 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, May 16th.

Unilever Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Unilever (NYSE:UL)

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