Envestnet Portfolio Solutions Inc. increased its position in shares of Unilever PLC (NYSE:UL - Free Report) by 6.4% during 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 filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UL. Avalon Trust Co raised its stake in Unilever by 166.7% in the fourth quarter. Avalon Trust Co now owns 1,600 shares of the company's stock valued at $91,000 after buying an additional 1,000 shares during the period. Natixis Advisors LLC raised its stake in Unilever by 0.7% in the 4th quarter. Natixis Advisors LLC now owns 1,309,586 shares of the company's stock valued at $74,253,000 after acquiring an additional 8,949 shares during the period. Frank Rimerman Advisors LLC raised its stake in Unilever by 4.4% in the 4th quarter. Frank Rimerman Advisors LLC now owns 5,040 shares of the company's stock valued at $286,000 after acquiring an additional 212 shares during the period. First Eagle Investment Management LLC lifted its holdings in Unilever by 3.6% during the 4th quarter. First Eagle Investment Management LLC now owns 574,689 shares of the company's stock valued at $32,585,000 after purchasing an additional 20,149 shares during the last quarter. Finally, Aviso Financial Inc. boosted its position in Unilever by 2.9% during the fourth quarter. Aviso Financial Inc. now owns 33,172 shares of the company's stock worth $1,881,000 after purchasing an additional 934 shares during the period. 9.67% of the stock is owned by institutional investors.
Unilever Trading Down 1.0 %
NYSE UL traded down $0.60 during midday trading on Friday, hitting $58.64. The company had a trading volume of 2,232,436 shares, compared to its average volume of 2,510,665. The company has a market capitalization of $145.50 billion, a PE ratio of 16.80, a P/E/G ratio of 1.60 and a beta of 0.47. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The firm has a 50-day moving average price of $57.21 and a 200-day moving average price of $59.57.
Unilever Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a dividend of $0.4674 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.87 annualized dividend and a yield of 3.19%. Unilever's dividend payout ratio is 53.01%.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on UL shares. DZ Bank raised shares of Unilever from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Sanford C. Bernstein raised shares of Unilever from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 9th. Royal Bank of Canada lowered Unilever from a "sector perform" rating to an "underperform" rating in a research note on Monday, January 6th. Finally, StockNews.com upgraded Unilever from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.33.
Check Out Our Latest Research Report on Unilever
About Unilever
(
Free Report)
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.
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