Universal Co. (NYSE:UVV – Get Rating) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 375,700 shares, a decrease of 17.1% from the September 15th total of 453,400 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 139,000 shares, the short-interest ratio is currently 2.7 days.
Universal Trading Down 0.5 %
Shares of NYSE UVV traded down $0.23 during midday trading on Friday, hitting $46.54. The company’s stock had a trading volume of 110,076 shares, compared to its average volume of 168,908. The business’s 50 day moving average is $49.46 and its two-hundred day moving average is $55.34. The firm has a market cap of $1.14 billion, a P/E ratio of 13.37 and a beta of 0.61. Universal has a 12-month low of $43.64 and a 12-month high of $64.13. The company has a current ratio of 2.61, a quick ratio of 0.88 and a debt-to-equity ratio of 0.38.
Universal (NYSE:UVV – Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.25 EPS for the quarter. The company had revenue of $429.82 million for the quarter. Universal had a return on equity of 6.85% and a net margin of 3.99%.
Universal Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 7th. Stockholders of record on Monday, October 10th will be given a $0.79 dividend. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 6.79%. Universal’s payout ratio is 90.80%.
Insider Activity at Universal
In related news, Director Lennart R. Freeman sold 1,402 shares of the stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $51.54, for a total transaction of $72,259.08. Following the completion of the transaction, the director now directly owns 14,320 shares of the company’s stock, valued at $738,052.80. The sale was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is owned by corporate insiders.
Institutional Trading of Universal
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Universal by 0.9% in the 1st quarter. BlackRock Inc. now owns 3,957,625 shares of the company’s stock worth $229,820,000 after purchasing an additional 35,047 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Universal by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,829,836 shares of the company’s stock worth $164,328,000 after purchasing an additional 27,210 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Universal by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,726,289 shares of the company’s stock worth $100,244,000 after purchasing an additional 6,370 shares in the last quarter. State Street Corp boosted its position in shares of Universal by 8.2% in the 2nd quarter. State Street Corp now owns 1,514,372 shares of the company’s stock worth $91,620,000 after purchasing an additional 114,160 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its position in shares of Universal by 0.8% in the 1st quarter. Pzena Investment Management LLC now owns 890,281 shares of the company’s stock worth $51,699,000 after purchasing an additional 6,796 shares in the last quarter. Institutional investors and hedge funds own 82.08% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on UVV. TheStreet downgraded Universal from a “b-” rating to a “c+” rating in a research report on Wednesday, September 21st. StockNews.com began coverage on Universal in a report on Wednesday. They issued a “hold” rating on the stock.
Universal Company Profile
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Universal, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Universal wasn’t on the list.
While Universal currently has a “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
Techyrack Website stock market day trading and youtube monetization and adsense Approval
Adsense Arbitrage website traffic Get Adsense Approval Google Adsense Earnings Traffic Arbitrage YouTube Monetization YouTube Monetization, Watchtime and Subscribers Ready Monetized Autoblog
Keine Kommentare:
Kommentar veröffentlichen