Vanguard Group Inc. lifted its position in shares of Universal Corporation (NYSE:UVV – Free Report) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,983,924 shares of the company’s stock after buying an additional 35,513 shares during the period. Vanguard Group Inc. owned about 11.97% of Universal worth $157,402,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Universal by 16.9% during the fourth quarter. GAMMA Investing LLC now owns 1,357 shares of the company’s stock worth $72,000 after acquiring an additional 196 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Universal by 75.2% during the fourth quarter. Farther Finance Advisors LLC now owns 466 shares of the company’s stock valued at $25,000 after buying an additional 200 shares during the period. Baird Financial Group Inc. grew its stake in shares of Universal by 5.1% during the second quarter. Baird Financial Group Inc. now owns 4,152 shares of the company’s stock valued at $242,000 after buying an additional 200 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Universal by 3.3% in the third quarter. Amalgamated Bank now owns 7,268 shares of the company’s stock worth $406,000 after buying an additional 230 shares during the period. Finally, Ballentine Partners LLC increased its holdings in shares of Universal by 5.9% in the third quarter. Ballentine Partners LLC now owns 4,633 shares of the company’s stock worth $259,000 after buying an additional 258 shares during the period. Institutional investors own 81.00% of the company’s stock.
Universal Stock Performance
Shares of NYSE:UVV opened at $53.66 on Tuesday. The company has a current ratio of 2.91, a quick ratio of 1.30 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $52.78 and a 200-day moving average price of $53.31. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 3.05 and a beta of 0.61. Universal Corporation has a 12 month low of $49.96 and a 12 month high of $67.33.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Wall Street Zen cut Universal from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Zacks Research upgraded Universal from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Weiss Ratings raised Universal from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Research Report on UVV
About Universal
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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