Envestnet Asset Management Inc. Sells 58,607 Shares of Unilever PLC $UL

Envestnet Asset Management Inc. lessened its holdings in Unilever PLC (NYSE:UL) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,867,284 shares of the company’s stock after selling 58,607 shares during the period. Envestnet Asset Management Inc.’s holdings in Unilever were worth $236,562,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in shares of Unilever by 33.2% in the 1st quarter. Bank of New York Mellon Corp now owns 934,804 shares of the company’s stock worth $55,668,000 after purchasing an additional 232,945 shares during the period. Wellington Management Group LLP lifted its stake in shares of Unilever by 13.9% in the 1st quarter. Wellington Management Group LLP now owns 28,100,442 shares of the company’s stock worth $1,673,381,000 after purchasing an additional 3,421,054 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Unilever by 65.1% in the 1st quarter. Russell Investments Group Ltd. now owns 232,096 shares of the company’s stock worth $13,821,000 after purchasing an additional 91,511 shares during the period. Banco Santander S.A. raised its stake in Unilever by 70.6% during the 1st quarter. Banco Santander S.A. now owns 15,030 shares of the company’s stock worth $895,000 after acquiring an additional 6,220 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Unilever by 7.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 211,767 shares of the company’s stock worth $12,996,000 after acquiring an additional 15,421 shares during the period. Institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

UL stock opened at $62.69 on Tuesday. Unilever PLC has a fifty-two week low of $54.32 and a fifty-two week high of $65.66. The firm has a fifty day moving average price of $61.65 and a 200 day moving average price of $61.85.

Unilever Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 7th will be given a dividend of $0.5258 per share. This represents a $2.10 dividend on an annualized basis and a yield of 3.4%. This is a boost from Unilever’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, November 7th.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UL. Zacks Research cut shares of Unilever from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “buy (b)” rating on shares of Unilever in a research note on Wednesday, October 8th. Jefferies Financial Group restated an “underperform” rating on shares of Unilever in a research note on Sunday, August 3rd. Finally, CICC Research began coverage on shares of Unilever in a research note on Thursday, August 21st. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

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.