Universal Corp (NYSE:UVV) saw a large drop in short interest in July. As of July 15th, there was short interest totalling 420,500 shares, a drop of 12.7% from the June 30th total of 481,900 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average trading volume of 205,900 shares, the days-to-cover ratio is currently 2.0 days.
A number of institutional investors and hedge funds have recently made changes to their positions in UVV. State Street Corp lifted its holdings in Universal by 20.1% during the 1st quarter. State Street Corp now owns 1,164,278 shares of the company’s stock worth $51,473,000 after buying an additional 195,041 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Universal by 26.4% during the 1st quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 465,401 shares of the company’s stock worth $20,575,000 after buying an additional 97,208 shares during the period. Advisors Asset Management Inc. lifted its holdings in Universal by 129.5% during the 1st quarter. Advisors Asset Management Inc. now owns 87,905 shares of the company’s stock worth $3,886,000 after buying an additional 49,607 shares during the period. Morgan Stanley lifted its holdings in Universal by 35.5% during the 1st quarter. Morgan Stanley now owns 183,203 shares of the company’s stock worth $8,100,000 after buying an additional 47,957 shares during the period. Finally, Heritage Wealth Advisors lifted its holdings in Universal by 3,368.0% during the 2nd quarter. Heritage Wealth Advisors now owns 41,859 shares of the company’s stock worth $675,000 after buying an additional 40,652 shares during the period. 85.72% of the stock is currently owned by hedge funds and other institutional investors.
Separately, ValuEngine raised Universal from a “sell” rating to a “hold” rating in a report on Tuesday, July 14th.
NYSE UVV opened at $42.16 on Friday. The company has a quick ratio of 5.16, a current ratio of 5.53 and a debt-to-equity ratio of 0.31. Universal has a twelve month low of $37.04 and a twelve month high of $60.80. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 14.74 and a beta of 0.70. The business’s fifty day moving average is $41.65 and its 200 day moving average is $45.76.
Universal (NYSE:UVV) last released its quarterly earnings data on Wednesday, May 27th. The company reported $1.08 earnings per share for the quarter. Universal had a return on equity of 6.49% and a net margin of 3.75%. The company had revenue of $632.09 million for the quarter.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Monday, July 13th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, July 10th. This is an increase from Universal’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a yield of 7.31%.
Universal Company Profile
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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