Universal Corp (NYSE:UVV) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $61.55. Universal shares last traded at $61.14, with a volume of 5,567 shares trading hands.
The business’s 50 day moving average price is $59.95. The company has a current ratio of 6.26, a quick ratio of 3.50 and a debt-to-equity ratio of 0.27. The company has a market cap of $1.53 billion, a P/E ratio of 13.64 and a beta of 0.72.
Universal (NYSE:UVV) last posted its earnings results on Wednesday, May 22nd. The company reported $1.26 earnings per share (EPS) for the quarter. Universal had a return on equity of 8.21% and a net margin of 4.68%. The company had revenue of $671.72 million for the quarter.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Monday, July 8th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 5.02%. The ex-dividend date is Friday, July 5th. This is a positive change from Universal’s previous quarterly dividend of $0.75.
In other Universal news, insider James A. Huffman sold 1,745 shares of Universal stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $60.50, for a total value of $105,572.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Preston Douglas Wigner sold 2,500 shares of Universal stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $56.25, for a total value of $140,625.00. The disclosure for this sale can be found here. Insiders sold 6,107 shares of company stock worth $352,518 in the last quarter. 2.50% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. LSV Asset Management grew its stake in shares of Universal by 14.4% during the first quarter. LSV Asset Management now owns 784,352 shares of the company’s stock worth $45,202,000 after acquiring an additional 98,725 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Universal by 2.2% during the fourth quarter. Bank of New York Mellon Corp now owns 493,845 shares of the company’s stock worth $26,742,000 after acquiring an additional 10,759 shares during the last quarter. Pzena Investment Management LLC grew its stake in shares of Universal by 7.7% during the first quarter. Pzena Investment Management LLC now owns 473,265 shares of the company’s stock worth $27,274,000 after acquiring an additional 33,794 shares during the last quarter. Boston Partners grew its stake in shares of Universal by 1.0% during the first quarter. Boston Partners now owns 467,073 shares of the company’s stock worth $26,917,000 after acquiring an additional 4,397 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Universal by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 264,417 shares of the company’s stock worth $14,318,000 after acquiring an additional 15,158 shares during the last quarter. Institutional investors and hedge funds own 82.83% of the company’s stock.
About Universal (NYSE:UVV)
Universal Corporation engages in the supply of leaf tobacco products worldwide. The company operates through North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental, and Special Services segments. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.
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