Wells Fargo & Company MN lowered its stake in shares of Universal Corporation (NYSE:UVV) by 7.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,938 shares of the company’s stock after selling 7,112 shares during the period. Wells Fargo & Company MN owned 0.36% of Universal Corporation worth $5,819,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of UVV. Hartford Investment Management Co. acquired a new stake in shares of Universal Corporation during the second quarter valued at $232,000. Bowling Portfolio Management LLC purchased a new position in Universal Corporation during the second quarter worth about $1,504,000. Great West Life Assurance Co. Can lifted its position in Universal Corporation by 2.1% during the second quarter. Great West Life Assurance Co. Can now owns 36,461 shares of the company’s stock worth $2,359,000 after buying an additional 750 shares during the period. Bessemer Group Inc. lifted its position in Universal Corporation by 9.1% during the second quarter. Bessemer Group Inc. now owns 32,300 shares of the company’s stock worth $2,090,000 after buying an additional 2,700 shares during the period. Finally, Benedict Financial Advisors Inc. lifted its position in Universal Corporation by 4.6% during the second quarter. Benedict Financial Advisors Inc. now owns 18,212 shares of the company’s stock worth $1,170,000 after buying an additional 798 shares during the period. 90.23% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub downgraded Universal Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd.
In other news, insider James A. Huffman sold 3,107 shares of Universal Corporation stock in a transaction on Monday, August 21st. The stock was sold at an average price of $58.35, for a total transaction of $181,293.45. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John B. Adams, Jr. sold 611 shares of Universal Corporation stock in a transaction on Monday, August 21st. The shares were sold at an average price of $58.45, for a total value of $35,712.95. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
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Universal Corporation (NYSE:UVV) opened at 57.55 on Wednesday. The company’s 50-day moving average price is $57.21 and its 200 day moving average price is $64.43. Universal Corporation has a 52-week low of $52.40 and a 52-week high of $83.35. The stock has a market capitalization of $1.46 billion, a P/E ratio of 41.95 and a beta of 1.41.
Universal Corporation (NYSE:UVV) last issued its earnings results on Thursday, August 3rd. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $284.62 million for the quarter. Universal Corporation had a return on equity of 14.36% and a net margin of 5.60%. On average, equities research analysts anticipate that Universal Corporation will post $3.70 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.75%. Universal Corporation’s dividend payout ratio is 163.64%.
About Universal Corporation
Universal Corporation is a leaf tobacco supplier. The Company is engaged in procuring, financing, processing, packing, storing and shipping leaf tobacco for sale to manufacturers of consumer tobacco products. The Company’s segments include North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental and Special Services.
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