Universal Co. (NYSE:UVV - Get Free Report) shares saw strong trading volume on Friday . 97,054 shares were traded during mid-day trading, a decline of 43% from the previous session's volume of 169,511 shares.The stock last traded at $64.91 and had previously closed at $59.38.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of Universal from a "buy" rating to a "hold" rating in a research note on Saturday.
Read Our Latest Stock Report on Universal
Universal Stock Up 10.0%
The business's 50 day moving average is $56.13 and its 200 day moving average is $54.79. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 13.44 and a beta of 0.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.96 and a current ratio of 2.60.
Universal (NYSE:UVV - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $0.80 EPS for the quarter. Universal had a net margin of 4.31% and a return on equity of 8.92%. The company had revenue of $702.28 million during the quarter.
Universal Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Shareholders of record on Monday, July 14th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Monday, July 14th. This is a positive change from Universal's previous quarterly dividend of $0.81. This represents a $3.28 dividend on an annualized basis and a yield of 5.02%. Universal's dividend payout ratio (DPR) is currently 86.77%.
Hedge Funds Weigh In On Universal
Institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC raised its position in Universal by 828.9% during the 4th quarter. Sterling Capital Management LLC now owns 771 shares of the company's stock worth $42,000 after buying an additional 688 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Universal during the 4th quarter valued at approximately $56,000. GAMMA Investing LLC increased its holdings in shares of Universal by 38.6% during the 1st quarter. GAMMA Investing LLC now owns 1,149 shares of the company's stock valued at $64,000 after purchasing an additional 320 shares in the last quarter. US Bancorp DE increased its holdings in shares of Universal by 325.7% during the 4th quarter. US Bancorp DE now owns 1,758 shares of the company's stock valued at $96,000 after purchasing an additional 1,345 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Universal during the 4th quarter valued at approximately $111,000. 81.00% of the stock is owned by hedge funds and other institutional investors.
About Universal
(
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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