Envestnet Asset Management Inc. Purchases 327,329 Shares of Unilever PLC (NYSE:UL)

Envestnet Asset Management Inc. increased its holdings in Unilever PLC (NYSE:UL - Free Report) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,830,532 shares of the company's stock after purchasing an additional 327,329 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.15% of Unilever worth $217,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of UL. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Unilever by 67.6% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 296,176 shares of the company's stock worth $16,793,000 after buying an additional 119,438 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Unilever in the fourth quarter valued at $587,000. PAX Financial Group LLC increased its position in Unilever by 14.2% during the 4th quarter. PAX Financial Group LLC now owns 13,312 shares of the company's stock valued at $755,000 after purchasing an additional 1,654 shares during the period. Pitcairn Co. raised its holdings in Unilever by 12.4% in the 4th quarter. Pitcairn Co. now owns 16,291 shares of the company's stock worth $924,000 after purchasing an additional 1,794 shares in the last quarter. Finally, World Investment Advisors lifted its position in shares of Unilever by 38.5% in the 4th quarter. World Investment Advisors now owns 70,557 shares of the company's stock worth $4,001,000 after purchasing an additional 19,602 shares during the period. Hedge funds and other institutional investors own 9.67% of the company's stock.

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Analyst Ratings Changes

UL has been the topic of several research analyst reports. Sanford C. Bernstein upgraded shares of Unilever from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 9th. Royal Bank of Canada lowered Unilever from a "sector perform" rating to an "underperform" rating in a research report on Monday, January 6th. StockNews.com upgraded Unilever from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Finally, DZ Bank raised Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Unilever presently has a consensus rating of "Moderate Buy" and an average price target of $66.33.

Unilever Stock Performance

Shares of Unilever stock traded up $1.97 during midday trading on Friday, hitting $61.88. The company had a trading volume of 3,906,218 shares, compared to its average volume of 2,614,606. Unilever PLC has a 52-week low of $46.46 and a 52-week high of $65.87. The stock has a market capitalization of $153.28 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.60 and a beta of 0.42. The company has a 50 day moving average of $58.22 and a 200 day moving average of $58.85.

Unilever Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid a $0.4674 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 3.02%. Unilever's dividend payout ratio is currently 53.01%.

Unilever 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.