Walleye Capital LLC Grows Position in Universal Corporation $UVV

Walleye Capital LLC raised its stake in shares of Universal Corporation (NYSE:UVV) by 170.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,458 shares of the company’s stock after purchasing an additional 17,936 shares during the period. Walleye Capital LLC owned 0.11% of Universal worth $1,657,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of UVV. SummerHaven Investment Management LLC grew its stake in shares of Universal by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 16,786 shares of the company’s stock valued at $978,000 after buying an additional 267 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Universal by 2.0% in the second quarter. Exchange Traded Concepts LLC now owns 15,015 shares of the company’s stock valued at $874,000 after acquiring an additional 288 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Universal by 12.7% in the second quarter. PNC Financial Services Group Inc. now owns 2,963 shares of the company’s stock valued at $173,000 after acquiring an additional 335 shares during the last quarter. Sigma Planning Corp grew its position in Universal by 7.2% during the second quarter. Sigma Planning Corp now owns 6,059 shares of the company’s stock valued at $353,000 after acquiring an additional 405 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Universal by 7.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,346 shares of the company’s stock worth $370,000 after acquiring an additional 437 shares during the last quarter. Hedge funds and other institutional investors own 81.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Zacks Research upgraded Universal from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Wall Street Zen raised shares of Universal from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Finally, Weiss Ratings raised shares of Universal from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Universal Trading Up 0.1%

NYSE UVV opened at $52.28 on Tuesday. The stock has a market cap of $1.30 billion, a P/E ratio of 11.78, a PEG ratio of 2.76 and a beta of 0.68. The company’s fifty day simple moving average is $53.00 and its 200-day simple moving average is $55.42. The company has a current ratio of 2.70, a quick ratio of 1.06 and a debt-to-equity ratio of 0.41. Universal Corporation has a 52 week low of $49.40 and a 52 week high of $67.33.

Universal (NYSE:UVV) last released its quarterly earnings results on Wednesday, November 5th. The company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.18. Universal had a net margin of 3.74% and a return on equity of 8.24%. The business had revenue of $754.18 million during the quarter, compared to analyst estimates of $704.30 million.

Universal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 12th will be paid a dividend of $0.82 per share. The ex-dividend date is Monday, January 12th. This represents a $3.28 annualized dividend and a dividend yield of 6.3%. Universal’s dividend payout ratio (DPR) is currently 73.87%.

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.