Maryland State Retirement & Pension System trimmed its position in Universal Co. (NYSE:UVV – Free Report) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,567 shares of the company’s stock after selling 321 shares during the period. Maryland State Retirement & Pension System’s holdings in Universal were worth $478,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Fulcrum Equity Management increased its stake in Universal by 69.9% in the second quarter. Fulcrum Equity Management now owns 8,732 shares of the company’s stock valued at $436,000 after purchasing an additional 3,592 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Universal by 13.9% during the 1st quarter. ProShare Advisors LLC now owns 188,973 shares of the company’s stock worth $9,995,000 after acquiring an additional 23,080 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Universal by 0.3% in the first quarter. Ameriprise Financial Inc. now owns 117,952 shares of the company’s stock worth $6,258,000 after acquiring an additional 328 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Universal by 30.8% in the first quarter. JPMorgan Chase & Co. now owns 63,450 shares of the company’s stock valued at $3,356,000 after purchasing an additional 14,957 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in Universal during the first quarter worth approximately $52,000. 78.72% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director Lennart R. Freeman sold 1,847 shares of Universal stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $48.76, for a total transaction of $90,059.72. Following the sale, the director now owns 14,594 shares in the company, valued at $711,603.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Get Our Latest Research Report on Universal
Universal Trading Up 1.0 %
Shares of UVV stock opened at $47.34 on Friday. 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 fifty-two week low of $43.64 and a fifty-two week high of $57.83. The firm’s 50 day moving average price is $47.96 and its two-hundred day moving average price is $50.60. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 10.26 and a beta of 0.72.
Universal (NYSE:UVV – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The company reported ($0.08) earnings per share for the quarter. Universal had a net margin of 4.33% and a return on equity of 6.13%. The business had revenue of $517.72 million for the quarter.
Universal Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, November 6th. Investors of record on Monday, October 9th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $3.20 annualized dividend and a dividend yield of 6.76%. Universal’s payout ratio is currently 69.26%.
Universal Profile
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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