Robert C. Sledd Sells 1,755 Shares of Universal Corporation (UVV) Stock

Universal Corporation (NYSE:UVV) Director Robert C. Sledd sold 1,755 shares of Universal stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $55.26, for a total value of $96,981.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Universal Corporation (UVV) traded down $0.20 on Thursday, hitting $55.60. The stock had a trading volume of 189,100 shares, compared to its average volume of 253,333. The firm has a market cap of $1,401.38, a price-to-earnings ratio of 12.80 and a beta of 1.38. The company has a current ratio of 5.60, a quick ratio of 2.18 and a debt-to-equity ratio of 0.28. Universal Corporation has a one year low of $52.05 and a one year high of $83.35.

Universal (NYSE:UVV) last issued its earnings results on Tuesday, November 7th. The company reported $1.02 EPS for the quarter. Universal had a return on equity of 14.16% and a net margin of 5.56%. The company had revenue of $488.25 million during the quarter.

Universal declared that its board has initiated a share buyback plan on Tuesday, November 7th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Monday, January 8th will be given a dividend of $0.55 per share. The ex-dividend date is Friday, January 5th. This represents a $2.20 dividend on an annualized basis and a yield of 3.96%. This is a positive change from Universal’s previous quarterly dividend of $0.54. Universal’s payout ratio is currently 150.00%.

A number of large investors have recently added to or reduced their stakes in UVV. BlackRock Inc. boosted its position in Universal by 3.3% during 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 period. Dimensional Fund Advisors LP boosted its position in Universal by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,131,728 shares of the company’s stock valued at $137,922,000 after purchasing an additional 98,848 shares during the period. Vanguard Group Inc. boosted its position in Universal by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 3,600,334 shares of the company’s stock valued at $232,942,000 after purchasing an additional 95,469 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Universal during the 3rd quarter worth $4,234,000. Finally, Northern Trust Corp boosted its position in Universal by 9.0% during the 2nd quarter. Northern Trust Corp now owns 829,793 shares of the company’s stock worth $53,688,000 after acquiring an additional 68,629 shares during the period. Institutional investors and hedge funds own 86.56% of the company’s stock.

Separately, BidaskClub upgraded Universal from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th.

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About Universal

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.

Insider Buying and Selling by Quarter for Universal (NYSE:UVV)

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