New York Life Investment Management LLC purchased a new stake in shares of Universal Co. (NYSE:UVV – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,076 shares of the company’s stock, valued at approximately $480,000.
Other hedge funds also recently bought and sold shares of the company. Point72 Middle East FZE purchased a new stake in Universal during the fourth quarter valued at $39,000. Parallel Advisors LLC raised its stake in Universal by 155.2% during the fourth quarter. Parallel Advisors LLC now owns 832 shares of the company’s stock valued at $44,000 after purchasing an additional 506 shares in the last quarter. Signaturefd LLC raised its stake in Universal by 269.1% during the first quarter. Signaturefd LLC now owns 860 shares of the company’s stock valued at $45,000 after purchasing an additional 627 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Universal during the second quarter valued at $60,000. Finally, AlphaMark Advisors LLC purchased a new stake in Universal during the first quarter valued at $53,000. Hedge funds and other institutional investors own 79.31% of the company’s stock.
Universal Trading Up 0.1 %
UVV stock opened at $47.47 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 2.86 and a debt-to-equity ratio of 0.44. Universal Co. has a twelve month low of $43.64 and a twelve month high of $57.83. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 10.27 and a beta of 0.69. The firm’s fifty day simple moving average is $49.78 and its two-hundred day simple moving average is $51.70.
Universal Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, November 6th. Stockholders of record on Monday, October 9th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date is Thursday, October 5th. Universal’s payout ratio is presently 69.26%.
Insider Transactions at Universal
In other news, Director Lennart R. Freeman sold 1,847 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $48.76, for a total value of $90,059.72. Following the transaction, the director now directly owns 14,594 shares in the company, valued at $711,603.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Lennart R. Freeman sold 1,847 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $48.76, for a total value of $90,059.72. Following the transaction, the director now directly owns 14,594 shares in the company, valued at $711,603.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Preston Douglas Wigner sold 3,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $53.00, for a total transaction of $159,000.00. Following the completion of the transaction, the vice president now owns 49,702 shares in the company, valued at $2,634,206. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on UVV shares. TheStreet downgraded shares of Universal from a “b” rating to a “c+” rating in a research note on Friday, August 4th. StockNews.com initiated coverage on shares of Universal in a research report on Thursday, May 18th. They set a “hold” rating on the stock.
Get Our Latest Stock Analysis on Universal
About Universal
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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