Envestnet Portfolio Solutions Inc. Has $8.08 Million Holdings in Unilever PLC (NYSE:UL)

Envestnet Portfolio Solutions Inc. lowered its holdings in Unilever PLC (NYSE:UL) by 10.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,902 shares of the company’s stock after selling 18,667 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Unilever were worth $8,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Red Tortoise LLC bought a new stake in Unilever during the first quarter worth about $26,000. Life Planning Partners Inc acquired a new stake in shares of Unilever in the 4th quarter valued at approximately $27,000. Rise Advisors LLC acquired a new stake in shares of Unilever in the 1st quarter valued at approximately $28,000. Quent Capital LLC acquired a new position in Unilever during the first quarter worth $28,000. Finally, VisionPoint Advisory Group LLC increased its holdings in Unilever by 215.1% during the third quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after buying an additional 400 shares during the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Unilever from an “underweight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Argus raised their price objective on Unilever from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Redburn Atlantic raised Unilever from a “neutral” rating to a “buy” rating in a report on Friday, June 7th. Finally, StockNews.com cut Unilever from a “buy” rating to a “hold” rating in a research note on Thursday, June 27th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Unilever currently has an average rating of “Hold” and a consensus target price of $54.00.

Unilever Trading Up 1.7 %

Shares of UL stock traded up $0.98 on Friday, hitting $57.62. The company’s stock had a trading volume of 3,254,788 shares, compared to its average volume of 2,738,057. Unilever PLC has a fifty-two week low of $46.16 and a fifty-two week high of $57.83. The stock’s 50 day moving average is $54.96 and its 200-day moving average is $51.13.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 17th were given a dividend of $0.4556 per share. The ex-dividend date was Thursday, May 16th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.16%.

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.