Universal Co. (NYSE:UVV - Get Free Report) traded down 10.4% on Thursday . The stock traded as low as $47.19 and last traded at $47.75. 93,403 shares were traded during trading, a decline of 62% from the average session volume of 244,717 shares. The stock had previously closed at $53.28.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Universal from a "buy" rating to a "hold" rating in a research note on Saturday, February 10th.
Get Our Latest Report on UVV
Universal Price Performance
The stock has a fifty day moving average price of $51.49 and a 200-day moving average price of $54.90. The firm has a market capitalization of $1.14 billion, a PE ratio of 8.98 and a beta of 0.79. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.29 and a current ratio of 3.22.
Universal Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Monday, July 8th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 6.97%. This is an increase from Universal's previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Monday, July 8th. Universal's payout ratio is 60.26%.
Institutional Trading of Universal
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its holdings in Universal by 242.0% in the 4th quarter. Quadrant Capital Group LLC now owns 383 shares of the company's stock worth $26,000 after purchasing an additional 271 shares during the period. Sound Income Strategies LLC acquired a new position in Universal during the fourth quarter worth $31,000. Gladius Capital Management LP lifted its stake in Universal by 57.5% during the third quarter. Gladius Capital Management LP now owns 712 shares of the company's stock worth $34,000 after purchasing an additional 260 shares in the last quarter. CWM LLC lifted its stake in Universal by 71.9% during the fourth quarter. CWM LLC now owns 655 shares of the company's stock worth $44,000 after purchasing an additional 274 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Universal by 81.3% during the fourth quarter. Blue Trust Inc. now owns 725 shares of the company's stock worth $49,000 after purchasing an additional 325 shares in the last quarter. Institutional investors and hedge funds own 81.00% of the company's stock.
Universal Company Profile
(
Get Free Report)
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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