Envestnet Portfolio Solutions Inc. Purchases 9,590 Shares of Unilever PLC (NYSE:UL)

Envestnet Portfolio Solutions Inc. boosted its position in shares of Unilever PLC (NYSE:UL) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,534 shares of the company’s stock after buying an additional 9,590 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Unilever were worth $9,102,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in Unilever during the fourth quarter valued at approximately $26,000. Financial Life Planners bought a new position in Unilever during the fourth quarter valued at approximately $28,000. Roxbury Financial LLC purchased a new stake in Unilever during the fourth quarter valued at approximately $30,000. Mainstream Capital Management LLC purchased a new stake in Unilever during the fourth quarter valued at approximately $31,000. Finally, Brooklyn Investment Group purchased a new stake in Unilever during the third quarter valued at approximately $40,000. 9.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein upgraded Unilever from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Erste Group Bank restated a “hold” rating on shares of Unilever in a research report on Tuesday, November 19th. StockNews.com upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Royal Bank of Canada downgraded Unilever from a “sector perform” rating to an “underperform” rating in a research report on Monday, January 6th. Finally, DZ Bank upgraded Unilever from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Two analysts have rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Unilever currently has an average rating of “Moderate Buy” and an average price target of $66.33.

Unilever Stock Performance

Shares of NYSE UL opened at $59.73 on Tuesday. The business’s 50 day moving average price is $57.04 and its 200-day moving average price is $59.62. Unilever PLC has a fifty-two week low of $46.46 and a fifty-two week high of $65.87. The company has a market cap of $148.23 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 1.60 and a beta of 0.47.

Unilever Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a $0.4674 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.87 annualized dividend and a dividend yield of 3.13%. Unilever’s payout ratio is 53.01%.

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.