Envestnet Portfolio Solutions Inc. Lowers Stock Position in Unilever PLC (NYSE:UL)

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of Unilever PLC (NYSE:UL) by 25.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,432 shares of the company’s stock after selling 41,102 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Unilever were worth $7,112,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. VSM Wealth Advisory LLC purchased a new position in Unilever in the fourth quarter worth $28,000. Vermillion Wealth Management Inc. acquired a new position in shares of Unilever during the 4th quarter worth $30,000. Mainstream Capital Management LLC purchased a new position in shares of Unilever in the 4th quarter valued at about $31,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Unilever in the fourth quarter valued at about $39,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in Unilever during the fourth quarter worth about $40,000. 9.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group raised shares of Unilever from a “strong sell” rating to a “hold” rating in a report on Friday, May 2nd. BNP Paribas raised Unilever to a “strong-buy” rating in a research note on Thursday, May 29th. Wall Street Zen cut Unilever from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. DZ Bank raised Unilever from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, BNP Paribas Exane began coverage on Unilever in a research report on Thursday, May 29th. They issued an “outperform” rating and a $73.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Unilever currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.67.

Unilever Stock Performance

UL stock opened at $61.17 on Friday. The stock’s 50 day moving average price is $62.98 and its 200 day moving average price is $59.54. The firm has a market cap of $150.14 billion, a P/E ratio of 17.53, a PEG ratio of 3.46 and a beta of 0.43. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.87.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were given a $0.5151 dividend. This is an increase from Unilever’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Friday, May 16th. Unilever’s dividend payout ratio is currently 59.03%.

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.