Universal Corporation (NYSE:UVV – Get Free Report) Director Robert Sledd sold 2,845 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $54.12, for a total value of $153,971.40. Following the sale, the director directly owned 11,959 shares of the company’s stock, valued at $647,221.08. This trade represents a 19.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Universal Stock Up 2.5%
UVV opened at $54.31 on Thursday. Universal Corporation has a fifty-two week low of $49.19 and a fifty-two week high of $61.60. The business has a 50-day moving average of $53.32 and a 200-day moving average of $53.51. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.49 and a quick ratio of 1.66. The company has a market capitalization of $1.35 billion, a PE ratio of 42.10, a price-to-earnings-growth ratio of 4.11 and a beta of 0.59.
Universal (NYSE:UVV – Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($1.54). Universal had a return on equity of 4.43% and a net margin of 1.12%.The firm had revenue of $715.24 million for the quarter, compared to analysts’ expectations of $728.20 million. Equities research analysts forecast that Universal Corporation will post 4.3 EPS for the current fiscal year.
Universal Increases Dividend
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in shares of Universal by 16.9% in the 4th quarter. GAMMA Investing LLC now owns 1,357 shares of the company’s stock valued at $72,000 after acquiring an additional 196 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Universal by 75.2% in the 4th quarter. Farther Finance Advisors LLC now owns 466 shares of the company’s stock valued at $25,000 after acquiring an additional 200 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Universal by 5.1% in the 2nd quarter. Baird Financial Group Inc. now owns 4,152 shares of the company’s stock valued at $242,000 after acquiring an additional 200 shares in the last quarter. Rexford Capital Inc. raised its stake in shares of Universal by 2.4% in the 4th quarter. Rexford Capital Inc. now owns 8,671 shares of the company’s stock valued at $457,000 after acquiring an additional 200 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Universal by 67.1% in the 1st quarter. Bessemer Group Inc. now owns 518 shares of the company’s stock valued at $27,000 after acquiring an additional 208 shares in the last quarter. 81.00% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
UVV has been the subject of a number of recent research reports. Zacks Research downgraded Universal from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 3rd. Wall Street Zen downgraded Universal from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings downgraded Universal from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Universal currently has a consensus rating of “Reduce”.
Get Our Latest Stock 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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