Navellier & Associates Inc. Sells 48,914 Shares of Universal Corporation $UVV

Navellier & Associates Inc. lessened its holdings in shares of Universal Corporation (NYSE:UVVFree Report) by 82.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,104 shares of the company’s stock after selling 48,914 shares during the period. Navellier & Associates Inc.’s holdings in Universal were worth $527,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of UVV. Royal Bank of Canada boosted its holdings in Universal by 18.8% during the 1st quarter. Royal Bank of Canada now owns 24,009 shares of the company’s stock valued at $1,345,000 after acquiring an additional 3,795 shares during the period. AQR Capital Management LLC grew its position in Universal by 8.7% in the 1st quarter. AQR Capital Management LLC now owns 24,791 shares of the company’s stock valued at $1,390,000 after acquiring an additional 1,976 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Universal by 24.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 36,958 shares of the company’s stock worth $2,071,000 after purchasing an additional 7,261 shares during the period. Jane Street Group LLC purchased a new stake in Universal in the first quarter worth $3,927,000. Finally, Intech Investment Management LLC lifted its position in shares of Universal by 20.7% during the first quarter. Intech Investment Management LLC now owns 24,070 shares of the company’s stock worth $1,349,000 after purchasing an additional 4,124 shares during the last quarter. Institutional investors own 81.00% of the company’s stock.

Universal Stock Performance

Shares of NYSE:UVV opened at $45.82 on Friday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 59.51, a price-to-earnings-growth ratio of 14.38 and a beta of 0.60. Universal Corporation has a 52 week low of $43.36 and a 52 week high of $59.38. The company has a quick ratio of 1.00, a current ratio of 2.57 and a debt-to-equity ratio of 0.43. The firm has a 50 day moving average of $50.37 and a 200 day moving average of $52.14.

Universal (NYSE:UVVGet Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.43). Universal had a net margin of 0.67% and a return on equity of 3.50%. The company had revenue of $523.78 million for the quarter, compared to the consensus estimate of $587.00 million. On average, sell-side analysts predict that Universal Corporation will post 3.18 earnings per share for the current fiscal year.

Universal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Monday, October 12th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 7.2%. Universal’s dividend payout ratio is currently 431.17%.

Insider Activity

In related news, Director Lennart R. Freeman sold 1,782 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $49.82, for a total value of $88,779.24. Following the transaction, the director owned 16,935 shares in the company, valued at approximately $843,701.70. This represents a 9.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert C. Sledd sold 2,845 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $54.12, for a total transaction of $153,971.40. Following the completion of the transaction, the director owned 11,959 shares in the company, valued at approximately $647,221.08. This trade represents a 19.22% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

UVV has been the subject of a number of recent analyst reports. Zacks Research raised shares of Universal from a “strong sell” rating to a “hold” rating in a research note on Monday, August 3rd. Weiss Ratings lowered shares of Universal from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen cut shares of Universal from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Check Out Our Latest Analysis on Universal

About Universal

(Free Report)

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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Institutional Ownership by Quarter for Universal (NYSE:UVV)

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