Prudential Financial Inc. Buys 10,949 Shares of Universal Corp (NYSE:UVV)
Prudential Financial Inc. boosted its stake in shares of Universal Corp (NYSE:UVV) by 10.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,002 shares of the company’s stock after purchasing an additional 10,949 shares during the quarter. Prudential Financial Inc. owned 0.48% of Universal worth $7,292,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new stake in Universal in the 2nd quarter worth $25,000. Quadrant Capital Group LLC lifted its stake in shares of Universal by 627.4% in the first quarter. Quadrant Capital Group LLC now owns 531 shares of the company’s stock valued at $29,000 after buying an additional 458 shares during the period. Coastal Investment Advisors Inc. acquired a new stake in Universal during the second quarter worth about $31,000. Brand Asset Management Group Inc. acquired a new stake in Universal during the second quarter worth about $34,000. Finally, Steward Partners Investment Advisory LLC bought a new position in Universal during the second quarter valued at about $37,000. 85.67% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:UVV traded up $0.50 during trading on Wednesday, hitting $55.22. 2,904 shares of the stock were exchanged, compared to its average volume of 116,763. Universal Corp has a 1-year low of $49.07 and a 1-year high of $76.98. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 12.11 and a beta of 0.77. The company’s fifty day simple moving average is $54.09 and its 200-day simple moving average is $56.71. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.15 and a current ratio of 5.51.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Monday, October 7th will be given a $0.76 dividend. The ex-dividend date is Friday, October 4th. This represents a $3.04 annualized dividend and a yield of 5.51%.
Separately, TheStreet cut Universal from a “b+” rating to a “c+” rating in a report on Thursday, August 8th.
Universal Corporation engages in the supply of leaf tobacco products worldwide. The company operates through North America, South America, Africa, Europe, Asia, Dark Air-Cured, Oriental, and Special Services segments. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to manufacturers of consumer tobacco products.
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