Universal (NYSE:UVV) Downgraded to “C+” at TheStreet

TheStreet downgraded shares of Universal (NYSE:UVVGet Rating) from a b- rating to a c+ rating in a report released on Wednesday, TheStreetRatingsTable reports.

Universal Price Performance

Shares of NYSE:UVV opened at $48.96 on Wednesday. The company has a market cap of $1.20 billion, a P/E ratio of 14.07 and a beta of 0.59. The company has a quick ratio of 0.88, a current ratio of 2.61 and a debt-to-equity ratio of 0.38. Universal has a 52 week low of $46.24 and a 52 week high of $64.13. The business has a fifty day simple moving average of $52.35 and a 200-day simple moving average of $56.46.

Universal (NYSE:UVVGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.25 EPS for the quarter. The business had revenue of $429.82 million during the quarter. Universal had a return on equity of 6.85% and a net margin of 3.99%.

Universal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 7th. Shareholders of record on Monday, October 10th will be given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date of this dividend is Thursday, October 6th. Universal’s dividend payout ratio (DPR) is presently 90.80%.

Insider Buying and Selling at Universal

In other Universal news, Director Lennart R. Freeman sold 1,402 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $51.54, for a total transaction of $72,259.08. Following the completion of the sale, the director now owns 14,320 shares of the company’s stock, valued at $738,052.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of UVV. Bank of America Corp DE lifted its stake in shares of Universal by 4.9% during the fourth quarter. Bank of America Corp DE now owns 105,009 shares of the company’s stock worth $5,766,000 after purchasing an additional 4,942 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Universal by 33.7% in the fourth quarter. Citigroup Inc. now owns 21,831 shares of the company’s stock worth $1,199,000 after acquiring an additional 5,501 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Universal by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 433,347 shares of the company’s stock worth $23,800,000 after acquiring an additional 15,990 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Universal by 11.2% in the fourth quarter. Invesco Ltd. now owns 1,015,640 shares of the company’s stock worth $55,779,000 after acquiring an additional 102,197 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Universal by 4.4% in the fourth quarter. Advisors Asset Management Inc. now owns 244,430 shares of the company’s stock worth $13,424,000 after acquiring an additional 10,235 shares in the last quarter. Institutional investors and hedge funds own 82.08% of the company’s stock.

Universal Company Profile

(Get Rating)

Universal Corporation processes and supplies leaf tobacco and plant-based ingredients worldwide. The company operates through two segments, Tobacco Operations and Ingredients Operations. It is involved in the procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.

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