Envestnet Asset Management Inc. raised its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,925,891 shares of the company's stock after buying an additional 95,359 shares during the quarter. Envestnet Asset Management Inc. owned about 0.16% of Unilever worth $233,787,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of UL. VSM Wealth Advisory LLC purchased a new stake in shares of Unilever in the fourth quarter valued at about $28,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Unilever in the fourth quarter valued at about $30,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Unilever in the fourth quarter valued at about $39,000. Accredited Wealth Management LLC purchased a new stake in shares of Unilever in the fourth quarter valued at about $43,000. Finally, Greenline Partners LLC purchased a new stake in shares of Unilever in the fourth quarter valued at about $58,000. Hedge funds and other institutional investors own 9.67% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on UL. 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 shares of Unilever to a "strong-buy" rating in a research note on Thursday, May 29th. BNP Paribas Exane began coverage on shares of Unilever in a research note on Thursday, May 29th. They set an "outperform" rating and a $73.00 target price for the company. Finally, Wall Street Zen lowered shares of Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $70.67.
Read Our Latest Stock Analysis on UL
Unilever Stock Performance
Shares of UL opened at $60.89 on Wednesday. The stock has a market capitalization of $149.46 billion, a PE ratio of 17.45, a P/E/G ratio of 3.81 and a beta of 0.41. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.87. The company's 50-day simple moving average is $62.51 and its 200-day simple moving average is $59.77.
Unilever Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 16th were given a dividend of $0.5151 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Friday, May 16th. This is a boost from Unilever's previous quarterly dividend of $0.47. Unilever's dividend payout ratio is currently 59.03%.
Unilever Company Profile
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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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