UBS Group AG boosted its stake in Universal Corporation (NYSE:UVV – Free Report) by 98.5% in the 4th quarter, Holdings Channel reports. The firm owned 312,787 shares of the company’s stock after purchasing an additional 155,244 shares during the period. UBS Group AG’s holdings in Universal were worth $16,500,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in UVV. Barclays PLC increased its holdings in Universal by 917.9% in the 3rd quarter. Barclays PLC now owns 578,564 shares of the company’s stock valued at $32,324,000 after purchasing an additional 521,724 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in Universal by 180.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 438,134 shares of the company’s stock valued at $25,517,000 after purchasing an additional 281,920 shares during the last quarter. Millennium Management LLC increased its holdings in Universal by 1,575.1% in the 3rd quarter. Millennium Management LLC now owns 279,058 shares of the company’s stock valued at $15,591,000 after purchasing an additional 262,399 shares during the last quarter. Invesco Ltd. increased its holdings in Universal by 21.2% in the 3rd quarter. Invesco Ltd. now owns 815,801 shares of the company’s stock valued at $45,579,000 after purchasing an additional 142,439 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Universal in the 2nd quarter valued at approximately $6,131,000. Institutional investors and hedge funds own 81.00% of the company’s stock.
Universal Stock Performance
Shares of UVV stock opened at $53.72 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 2.91 and a debt-to-equity ratio of 0.40. Universal Corporation has a 52 week low of $49.96 and a 52 week high of $67.33. The stock has a market capitalization of $1.34 billion, a PE ratio of 15.85, a P/E/G ratio of 3.05 and a beta of 0.61. The firm has a 50 day moving average of $52.78 and a two-hundred day moving average of $53.31.
Wall Street Analysts Forecast Growth
UVV has been the subject of several research reports. Weiss Ratings upgraded shares of Universal from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Zacks Research upgraded shares of Universal from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Wall Street Zen downgraded shares of Universal from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Universal presently has an average rating of “Moderate Buy”.
Check Out Our Latest Research Report on Universal
Universal Profile
Universal Corporation (NYSE: UVV) is a global agribusiness company primarily engaged in the procurement, processing and sale of leaf tobacco. Headquartered in Richmond, Virginia, the company sources cured leaf tobacco from key growing regions in North and South America, Africa and Asia. Universal serves major multinational tobacco manufacturers by providing a full range of services including inventory management, quality control and logistics support to ensure a consistent and reliable supply of tobacco leaf.
In addition to its core leaf tobacco operations, Universal offers integrated supply-chain services that encompass warehousing, distribution and ingredient sourcing for smokeless and novel tobacco products.
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