Envestnet Portfolio Solutions Inc. Sells 41,102 Shares of Unilever PLC (NYSE:UL)

Envestnet Portfolio Solutions Inc. lessened its holdings in shares of Unilever PLC (NYSE:UL - Free Report) by 25.6% in the 1st quarter, according to its most recent filing with the SEC. The fund 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.

Several other large investors have also made changes to their positions in the business. Cornerstone Wealth Management LLC acquired a new position in shares of Unilever during the 1st quarter worth about $233,000. Clarius Group LLC raised its holdings in Unilever by 2.7% in the 1st quarter. Clarius Group LLC now owns 8,070 shares of the company's stock valued at $481,000 after acquiring an additional 211 shares in the last quarter. Bell Bank raised its holdings in Unilever by 7.1% in the 1st quarter. Bell Bank now owns 119,753 shares of the company's stock valued at $7,131,000 after acquiring an additional 7,937 shares in the last quarter. Cardinal Capital Management raised its holdings in Unilever by 0.4% in the 1st quarter. Cardinal Capital Management now owns 39,953 shares of the company's stock valued at $2,379,000 after acquiring an additional 176 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its holdings in Unilever by 2.8% in the 1st quarter. Robertson Stephens Wealth Management LLC now owns 16,988 shares of the company's stock valued at $1,012,000 after acquiring an additional 470 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company's stock.

Unilever Price Performance

Shares of UL traded down $0.93 during mid-day trading on Friday, reaching $61.17. The company had a trading volume of 2,246,727 shares, compared to its average volume of 2,476,263. Unilever PLC has a twelve month low of $54.32 and a twelve month high of $65.87. The company's 50-day moving average is $62.98 and its 200-day moving average is $59.54. The company has a market capitalization of $150.14 billion, a P/E ratio of 17.53, a P/E/G ratio of 3.46 and a beta of 0.43.

Unilever Increases Dividend

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

Wall Street Analysts Forecast Growth

UL has been the subject of several recent research reports. BNP Paribas Exane initiated coverage on Unilever in a report on Thursday, May 29th. They issued an "outperform" rating and a $73.00 price target for the company. UBS Group raised Unilever from a "strong sell" rating to a "hold" rating in a report on Friday, May 2nd. DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a report on Friday, February 21st. BNP Paribas raised Unilever to a "strong-buy" rating in a report on Thursday, May 29th. Finally, Wall Street Zen cut Unilever from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $70.67.

Unilever Company Profile

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.