IFP Advisors Inc Continues to Hold Position in Universal Corporation (UVV)
IFP Advisors Inc held its stake in shares of Universal Corporation (NYSE:UVV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,143 shares of the company’s stock at the end of the second quarter. IFP Advisors Inc’s holdings in Universal Corporation were worth $203,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Sei Investments Co. increased its stake in shares of Universal Corporation by 122.2% in the second quarter. Sei Investments Co. now owns 11,841 shares of the company’s stock valued at $766,000 after buying an additional 6,513 shares during the last quarter. Texas Permanent School Fund increased its stake in shares of Universal Corporation by 0.8% in the second quarter. Texas Permanent School Fund now owns 18,453 shares of the company’s stock valued at $1,194,000 after buying an additional 154 shares during the last quarter. Benedict Financial Advisors Inc. increased its stake in shares of Universal Corporation by 4.6% in the second quarter. Benedict Financial Advisors Inc. now owns 18,212 shares of the company’s stock valued at $1,170,000 after buying an additional 798 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Universal Corporation by 9.1% in the second quarter. Bessemer Group Inc. now owns 32,300 shares of the company’s stock valued at $2,090,000 after buying an additional 2,700 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of Universal Corporation by 2.1% in the second quarter. Great West Life Assurance Co. Can now owns 36,461 shares of the company’s stock valued at $2,359,000 after buying an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.
Universal Corporation (UVV) opened at 57.55 on Monday. The stock has a market capitalization of $1.46 billion, a PE ratio of 41.95 and a beta of 1.41. The stock’s 50 day moving average price is $61.99 and its 200 day moving average price is $67.64. Universal Corporation has a 1-year low of $52.40 and a 1-year high of $83.35.
Universal Corporation (NYSE:UVV) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.14 earnings per share (EPS) for the quarter. Universal Corporation had a return on equity of 14.36% and a net margin of 5.60%. The business had revenue of $284.62 million for the quarter. On average, equities research analysts predict that Universal Corporation will post $3.70 earnings per share for the current fiscal year.
The business also recently declared 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. The ex-dividend date of this dividend is Friday, October 6th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.75%. Universal Corporation’s dividend payout ratio is presently 163.64%.
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Several equities analysts have recently issued reports on the company. TheStreet cut Universal Corporation from an “a” rating to a “c+” rating in a research note on Tuesday, May 23rd. BidaskClub cut Universal Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd.
In other news, CFO David C. Moore sold 6,335 shares of Universal Corporation stock in a transaction on Monday, June 19th. The stock was sold at an average price of $66.61, for a total value of $421,974.35. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Preston Douglas Wigner sold 1,000 shares of Universal Corporation stock in a transaction on Friday, June 16th. The shares were sold at an average price of $65.75, for a total value of $65,750.00. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
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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