Envestnet Portfolio Solutions Inc. Sells 35,278 Shares of Unilever PLC $UL

Envestnet Portfolio Solutions Inc. reduced its stake in Unilever PLC (NYSE:UL) by 29.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,154 shares of the company’s stock after selling 35,278 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Unilever were worth $5,148,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. N.E.W. Advisory Services LLC purchased a new position in shares of Unilever in the 1st quarter worth $30,000. Brentview Investment Management LLC purchased a new position in shares of Unilever in the 1st quarter worth $33,000. Richardson Financial Services Inc. grew its stake in shares of Unilever by 209.0% in the 1st quarter. Richardson Financial Services Inc. now owns 618 shares of the company’s stock worth $37,000 after buying an additional 418 shares in the last quarter. Financial Connections Group Inc. purchased a new position in shares of Unilever in the 2nd quarter worth $39,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in shares of Unilever in the 2nd quarter worth $55,000. 9.67% of the stock is currently owned by institutional investors.

Unilever Price Performance

Unilever stock opened at $61.00 on Wednesday. The stock has a market cap of $149.68 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 4.50 and a beta of 0.40. The firm has a 50-day moving average of $61.45 and a two-hundred day moving average of $61.65. Unilever PLC has a 1 year low of $54.32 and a 1 year high of $65.66.

Unilever Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Friday, August 15th were paid a $0.5175 dividend. The ex-dividend date was Friday, August 15th. This represents a $2.07 dividend on an annualized basis and a yield of 3.4%. This is an increase from Unilever’s previous quarterly dividend of $0.52. Unilever’s payout ratio is currently 59.31%.

Wall Street Analysts Forecast Growth

UL has been the subject of a number of recent research reports. Zacks Research raised shares of Unilever from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 17th. CICC Research began coverage on shares of Unilever in a research note on Thursday, August 21st. They issued an “outperform” rating for the company. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Unilever in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $73.00.

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.