Wealth Enhancement Advisory Services LLC Reduces Stake in Unilever PLC (NYSE:UL)

Wealth Enhancement Advisory Services LLC reduced its stake in shares of Unilever PLC (NYSE:UL) by 5.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 93,298 shares of the company’s stock after selling 5,243 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Unilever were worth $4,683,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Life Planning Partners Inc purchased a new stake in Unilever in the fourth quarter worth $27,000. Rise Advisors LLC purchased a new stake in Unilever in the 1st quarter worth about $28,000. VisionPoint Advisory Group LLC increased its holdings in Unilever by 215.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 586 shares of the company’s stock worth $29,000 after acquiring an additional 400 shares during the last quarter. Voisard Asset Management Group Inc. purchased a new stake in Unilever during the fourth quarter valued at about $31,000. Finally, Evolution Advisers Inc. purchased a new stake in Unilever during the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Price Performance

UL opened at $54.70 on Tuesday. The firm has a market capitalization of $136.92 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 2.91 and a beta of 0.46. Unilever PLC has a one year low of $46.16 and a one year high of $56.47. The company has a fifty day moving average price of $54.04 and a 200-day moving average price of $50.69.

Unilever Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were given a dividend of $0.4556 per share. This represents a $1.82 annualized dividend and a yield of 3.33%. The ex-dividend date was Thursday, May 16th. Unilever’s payout ratio is 56.96%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports 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. StockNews.com cut shares of Unilever from a “buy” rating to a “hold” rating in a report on Thursday, June 27th. Argus raised their price target on Unilever from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, Redburn Atlantic upgraded Unilever from a “neutral” rating to a “buy” rating in a research note on Friday, June 7th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $54.00.

Unilever Company 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.