Universal Corp. Rating Increased to Buy at Davenport (UVV)
Universal Corp. (NYSE:UVV) was upgraded by analysts at Davenport from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
Universal Corp. (NYSE:UVV) traded up 4.37% during mid-day trading on Thursday, hitting $52.58. The stock had a trading volume of 184,856 shares. Universal Corp. has a 52 week low of $44.71 and a 52 week high of $63.59. The stock’s 50-day moving average is $54.46 and its 200-day moving average is $57.12. The company has a market cap of $1.219 billion and a price-to-earnings ratio of 8.55.
Universal Corp. (NYSE:UVV) last released its earnings data on Tuesday, August 6th. The company reported $0.81 earnings per share for the quarter. Analysts expect that Universal Corp. will post $4.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 12th. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Thursday, October 10th.
Universal Corporation (NYSE:UVV) is a global leaf tobacco supplier.
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