Universal Corporation (NYSE:UVV) Director Robert C. Sledd sold 1,755 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $55.26, for a total value of $96,981.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Universal Corporation (NYSE UVV) traded up $0.50 during midday trading on Wednesday, reaching $55.80. The company’s stock had a trading volume of 242,500 shares, compared to its average volume of 253,608. The company has a market cap of $1,388.82, a price-to-earnings ratio of 12.68 and a beta of 1.38. The company has a debt-to-equity ratio of 0.28, a current ratio of 5.60 and a quick ratio of 2.18. Universal Corporation has a fifty-two week low of $52.05 and a fifty-two week high of $83.35.

Universal (NYSE:UVV) last announced its earnings results on Tuesday, November 7th. The company reported $1.02 earnings per share for the quarter. The business had revenue of $488.25 million for the quarter. Universal had a return on equity of 14.16% and a net margin of 5.56%.

Universal declared that its board has initiated a share repurchase program on Tuesday, November 7th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Monday, January 8th will be paid a $0.55 dividend. This is a positive change from Universal’s previous quarterly dividend of $0.54. This represents a $2.20 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Friday, January 5th. Universal’s dividend payout ratio is currently 150.00%.

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Universal by 6.2% in the 2nd quarter. State Street Corp now owns 635,973 shares of the company’s stock worth $41,146,000 after purchasing an additional 37,288 shares in the last quarter. Martingale Asset Management L P boosted its holdings in shares of Universal by 6.1% in the 2nd quarter. Martingale Asset Management L P now owns 78,527 shares of the company’s stock worth $5,081,000 after purchasing an additional 4,500 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of Universal by 172.1% in the 2nd quarter. Citigroup Inc. now owns 75,978 shares of the company’s stock worth $4,915,000 after purchasing an additional 48,056 shares in the last quarter. South Dakota Investment Council boosted its holdings in shares of Universal by 26.1% in the 3rd quarter. South Dakota Investment Council now owns 22,316 shares of the company’s stock worth $1,279,000 after purchasing an additional 4,616 shares in the last quarter. Finally, Teachers Advisors LLC boosted its holdings in shares of Universal by 7.4% in the 2nd quarter. Teachers Advisors LLC now owns 43,832 shares of the company’s stock worth $2,836,000 after purchasing an additional 3,024 shares in the last quarter. Hedge funds and other institutional investors own 86.56% of the company’s stock.

Separately, BidaskClub upgraded Universal from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th.

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Universal 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.

Insider Buying and Selling by Quarter for Universal (NYSE:UVV)

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