Insider Selling: Universal Co. (UVV) Insider Sells 4,000 Shares of Stock

Universal Co. (NYSE:UVV) insider Theodore G. Broome sold 4,000 shares of the firm’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $64.60, for a total value of $258,400.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Universal traded up $0.35, reaching $65.25, during trading hours on Thursday, according to Marketbeat Ratings. 3,248 shares of the company’s stock traded hands, compared to its average volume of 246,381. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 16.17 and a beta of 1.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.14 and a current ratio of 5.94. Universal Co. has a twelve month low of $45.95 and a twelve month high of $68.25.

Universal (NYSE:UVV) last issued its quarterly earnings results on Wednesday, May 23rd. The company reported $1.20 EPS for the quarter. The company had revenue of $607.50 million for the quarter. Universal had a return on equity of 7.49% and a net margin of 5.19%. During the same period last year, the business posted ($1.64) earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 6th. Stockholders of record on Monday, July 9th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.60%. This is a positive change from Universal’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, July 6th.

Separately, TheStreet raised Universal from a “c+” rating to a “b” rating in a report on Friday, May 25th.

A number of large investors have recently added to or reduced their stakes in UVV. Schwab Charles Investment Management Inc. grew its holdings in Universal by 6.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 257,708 shares of the company’s stock worth $13,530,000 after acquiring an additional 14,872 shares during the period. Comerica Bank grew its holdings in Universal by 223.4% during the fourth quarter. Comerica Bank now owns 74,669 shares of the company’s stock worth $3,759,000 after acquiring an additional 51,578 shares during the period. Teacher Retirement System of Texas acquired a new position in Universal during the fourth quarter worth about $464,000. CNA Financial Corp grew its holdings in Universal by 59.8% during the fourth quarter. CNA Financial Corp now owns 21,512 shares of the company’s stock worth $1,129,000 after acquiring an additional 8,049 shares during the period. Finally, Bailard Inc. acquired a new position in Universal during the fourth quarter worth about $378,000. 83.18% of the stock is currently owned by hedge funds and other institutional investors.

About Universal

Universal Corporation engages in leaf tobacco business worldwide. It is involved in procuring, financing, processing, packing, storing, and shipping leaf tobacco for sale to, or for the account of, manufacturers of consumer tobacco products. The company processes and sells flue-cured and burley tobaccos, and oriental tobaccos that are primarily used in the manufacture of cigarettes; and dark air-cured tobaccos principally used in the manufacture of cigars, pipe tobacco, and smokeless tobacco products.

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

Receive News & Ratings for Universal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Universal and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply