Profund Advisors LLC cut its position in Universal Corporation (NYSE:UVV) by 30.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,783 shares of the company’s stock after selling 1,658 shares during the quarter. Profund Advisors LLC’s holdings in Universal Corporation were worth $245,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Stevens Capital Management LP lifted its position in Universal Corporation by 41.6% in the 2nd quarter. Stevens Capital Management LP now owns 16,757 shares of the company’s stock valued at $1,084,000 after purchasing an additional 4,927 shares during the last quarter. Amalgamated Bank lifted its position in Universal Corporation by 8.3% in the 2nd quarter. Amalgamated Bank now owns 3,286 shares of the company’s stock valued at $213,000 after purchasing an additional 251 shares during the last quarter. BlackRock Inc. lifted its position in Universal Corporation by 3.3% in the 2nd quarter. BlackRock Inc. now owns 3,244,363 shares of the company’s stock valued at $209,910,000 after purchasing an additional 104,494 shares during the last quarter. Nationwide Fund Advisors lifted its position in Universal Corporation by 95.4% in the 2nd quarter. Nationwide Fund Advisors now owns 33,381 shares of the company’s stock valued at $2,160,000 after purchasing an additional 16,300 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in Universal Corporation by 2.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 65,628 shares of the company’s stock valued at $4,246,000 after purchasing an additional 1,544 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.
Shares of Universal Corporation (NYSE UVV) opened at 59.65 on Friday. The company has a 50-day moving average of $57.29 and a 200 day moving average of $64.35. Universal Corporation has a 12 month low of $52.40 and a 12 month high of $83.35. The company has a market capitalization of $1.51 billion, a P/E ratio of 43.48 and a beta of 1.41.
Universal Corporation (NYSE:UVV) last posted its earnings results on Thursday, August 3rd. The company reported $0.14 earnings per share for the quarter. Universal Corporation had a net margin of 5.60% and a return on equity of 14.36%. The business had revenue of $284.62 million for the quarter. Analysts forecast that Universal Corporation will post $3.70 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Tuesday, October 10th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Friday, October 6th. Universal Corporation’s payout ratio is 163.64%.
In other news, Director John B. Adams, Jr. sold 611 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $58.45, for a total value of $35,712.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James A. Huffman sold 3,107 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $58.35, for a total transaction of $181,293.45. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.
Separately, BidaskClub downgraded shares of Universal Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd.
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Universal Corporation Company Profile
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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